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Terrytan

Gold - Bearish Shark at top of ChannelHey guys, some sharing on Gold and how I will trade it. The blue channel is drawn on the H4 chart, it is a channel that has been respected for months. I saw a bearish shark completing on gold with the entry around 1350. SL will have to go above 1355 with profit targets back down at around 1315. Monitor these criteria before entry for a higher probability trade 1. RSI divergence and overbought at entry zone 2. Candlestick reversal (Pin bar or bearish engulfing pattern) Take care and great trading guys!
OANDA:XAUUSDShort
by TerryHarmonicTrading
2
GBPJPY - Bearish Shark Completion (14092016)Hey guys, a great pity to miss my long on EURJPY posted yesterday. Today, I am watching for GBPJPY to hit 137 for a potential short. SL will go around 137.60 and TP will be right back at 135. This is based on a shark pattern which completes at XC 100. Will look out for 1. Divergence at entry zone on the rsi 2. Reversal candlestick 3. Long hammer candlestick to confirm my entry. Personally, I find better success by doing market entries rather than pending orders for harmonic trading. Use these filters that I use, I can guarantee you a higher hit rate. Great trading all!
Short
by TerryHarmonicTrading
6
AUDNZD - Price at PRZ, awaiting break of trendlineHey guys, analyzing AUDNZD for some friends. AUDNZD is interesting. It has completed 2 patterns 1. AB=CD pattern 2. Gartley Pattern Both points to this currency pair rebounding. However, I will be hesitant to go long until price the breaks the trendline in red. Downward momentum is still very strong, will not feel safe going long without price showing it wants to break the downtrend first. This is my plan. 1. Wait for price to break trendline first 2. Buy on retest of yellow zone Will aim for 1.07 as my target with stops around 1.0250
Long
by TerryHarmonicTrading
4
USDJPY - Trend continuation next weekHey guys, just updating on my USDJPY analysis I wrote about last week. Price has missed my buy setup and gone up after the Fed interest rate announcement. With that, I will be adopting a trend following approach to my trade next week. The yellow zone represents my potential buying zone for next week. The MA on my chart that I use to plot trend is 34 high and 34 low. Anytime the price retest this band, at a prior support and resistance zone, it signals a buy after a pinbar completes on the pricebar. Stops has to go below previous low. 34 high and low is my personal favorite MA settings which is based on Fibonacci. Let's ride this trend until we are proven wrong or when a bearish harmonic pattern completes potentially above 106.
Long
by TerryHarmonicTrading
1
USDJPY - Inverse HNS to ride the C-D move of this shark pattern Hey guys, this is Shark Terry again. This is specially written for EYEO(Eugene), one of my followers. This is an update to an earlier post I wrote about USDJPY. I see the Shark pattern playing out over the next few weeks. The immediate level I am watching is to potentially go long on a HNS buy around 100.80 to 100.90. SL has to go below 100 at around 99.70. If this plays out, we are potentially risking 100 pips to make 600 pips.
Long
by TerryHarmonicTrading
1
NZDUSD - Daily Bearish Bat CompletionHey guys, this is Terry once again. NZDUSD is on a steady uptrend for the past 8 months. In pattern's perspective, we are looking at a potential completion of this bat pattern on the daily chart. The zone to watch for reaction is around 0.7550 to 0.7580. SL has to go above 0.78 with targets back to 0.69. Expect some reversal chart pattern around the PRZ zone before you go short. As this is a daily TF trade, expect to wait for reaction at PRZ before execution.
Short
by TerryHarmonicTrading
6
Potential Bullish Shark Pattern completing on GBPUSDObservation on the GBPUSD H1/H4 The formation of a potential shark pattern around 1.29. Price has completed the XABC move of this pattern. With a break of the upsloping trendline at point C, I am expecting price to come down to 1.29 where I will be interested to go long on a shark pattern. Potentially I can look for a 3:1 R:R move with a buy on the completion of this pattern. Aggressive traders can look to short GBPUSD from point C at 1.3180 to point D at 1.29.
Long
by TerryHarmonicTrading