Get started

Terryharmonic

EURUSD - Bearish Butterfly CompletedThis is the H4 chart of EURUSD. It has completed a bearish butterfly pattern at around 1.2250. I believe the underlying trend is still bullish, therefore I am only aiming for the 38.2 profit level. Next week, I will be monitoring the 1.2250-1.2260 level for potential short. I want to see exhaustion vol happening when price retest the downsloping trendline. Entry 1.2250-.2260 SL 1.2350 (90/100) The AD 38.2 is my first profit target at 1.2030 (220/230)
Short
by TerryHarmonicTrading
3
USDJPY - Daily Bat pattern in focusHi guys, I was asked to analyze USDJPY by my followers a few hours back. I am going to do a big timeframe analysis. USDJPY is now resting at 111, a weak support in my opinion. Even if it bounces next week, I still see it falling in the next few weeks. The critical level to watch is 108, where it completes a Harmonic bat pattern. Be patient to be profitable. Will keep you guys posted in the coming weeks. EP 108 SL 106.80 (120) TP 114 (600)
Long
by TerryHarmonicTrading
4
Ripple/usd completes Gartley PatternI spent the last holiday period upgrading my knowledge on cryto coins. I realize that through backtesting, Harmonics seems to work quite effectively on them. I signed up with a broker which allows trading of crypto coins up to 10x leverage. My plan is to go long on them upon completion of authentic harmonic patterns. The 1st trade I entered is on RIPPLE/USD which corrected from $3.40 to $1.60 within 2 weeks. At $1.60, it completes a bullish gartley as well as a ABCD pattern. Take note that spreads are super wide for crytos and always use a wider stop than usual so as not to be taken out. My sl is at $1.40 and I plan to hold this trade for quite some time aiming for new 52 week high levels as profit.
KRAKEN:XRPUSDLong
by TerryHarmonicTrading
3
USDCAD - Type 2 entry on a Shark Pattern completionUSDCAD has completed a Shark pattern last week. It bounced off the PRZ and is now coming back down to the zone. This could be a type 2 entry. My guess is CAD and commodities in general will continue to weaken this week. Do wait for a price reaction at the PRZ zone before entry. It could be a ride back to 1.28 for USDCAD. I will also use the volume indicator for confirmation, hope to see either super low or super high volume at the PRZ.
Long
by TerryHarmonicTrading
3
USDCHF - Watch for short at top of H4 channelUSDCHF is weak. Distribution has been ongoing for the past 2 weeks. However, early next week is not a great time to chase the shorts. A good way to get into this trade is to wait for a pullback into the upper boundaries of this H4 channel before going short. That will improve your R:R and psychology tremendously. Will keep you guys post if it gets close to my desired entry around 0.99. A successful short entry could lead us towards the significant support zone around 0.9450.
Short
by TerryHarmonicTrading
3
USDJPY - Watch 112 for potential trend continuation shortMy view remains consistent. USD will continue to be weak towards end of 2017. This USDJPY brought me lots of agony 2 weeks back where I tried to short it twice but I got in too early. I have since learnt to adopt a wider stop for my trades. I do not need to keep my stop losses so tight since my winning trades are all in excess of 200 pips. Going forward to Week 48, I will continue to look for short opportunities on USDJPY. I expect USD to continue weakening and USDJPY to hit 108.20 in the coming weeks. An upthrust to 112 with low/extremely high volume and a weak close will be my trigger to go short on this. Stops will go above previous high at around 112.80. EP 112 SL 112.80 (80) TP 108.20 (380) Do not use a pending order, I will keep you guys posted when it gets near my entry zone.
Short
by TerryHarmonicTrading
1