TerryHarmonicTrading
Short

AUDJPY - Bearish Bat at top of ED Channel

FX:AUDJPY   Australian Dollar/Japanese Yen
2 months ago
Hey guys, am currently watching AUDJPY             .

I am interested to go short on this pair.

It has bearish bat pattern completion and it is at the top of my drawn ED channel a.k.a Parallel channel.

EP: 78.70
SL: 79.40 (70)
TP: 76.50 (220)

If you are already took position on EURJPY             idea posted early week, I suggest to keep this position to half your normal risk exposure. (1% max DD             for me)

NFP will happen tonight, if you do not mind trading the news, you could consider this as a trade idea.

Good luck and great trading!
2 months ago
Trade active: In at 78.70.

Gonna hold it over the weekends and hope it reaches my TP next week.
2 months ago
Comment: Stop loss updated to 79.20.

Riding on 50 pips of profits now.

Targets still at 76.50.
2 months ago
Trade closed manually: Took some profits off the table.

Price is ranging very strongly.

Will seek to re-enter short when it retest around 78.90.
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
RuhailKhan
2 months ago
wonderful analysis
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TerryHarmonicTrading RuhailKhan
2 months ago
thank you RuhailKhan, are you trading the news?
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RuhailKhan TerryHarmonicTrading
2 months ago
yes i will buy gold around 1230 to 1240
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TerryHarmonicTrading RuhailKhan
2 months ago
good luck on that! Just take note that price has broken trendline on gold, I will only be comfortable to buy around 1200.
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RuhailKhan
2 months ago
i buy in cash gold and for long period. i manage the positions very carefully. my account is almost 7 times up in 10 months.
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RuhailKhan
2 months ago
I will start buy gold and sell dollar for one to two months period
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RuhailKhan
2 months ago
Sir tell me one thing, motivewave is better or harmonic analyzer pro?
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RuhailKhan
2 months ago
sorry not motivewave formationseeker.
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TerryHarmonicTrading RuhailKhan
2 months ago
if you use ninja trader, I have the harmonic pattern collection which is even more accurate. FS the numbers are not perfect.
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RuhailKhan TerryHarmonicTrading
2 months ago
I have motivewave and playing to buy ensign due to larry pesavento indicators. if you think ninjatrader is good i change my plan. but i love to use automatic harmonic. i have 4 to five companies harmonic even fxground too. but all change the D point mostly.:(
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TerryHarmonicTrading RuhailKhan
2 months ago
my advice, dun touch larry's stuff, Scott told me he is not a real trader. Wait for me to recommend u the ninja trader software after I try it this weekend.
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RuhailKhan TerryHarmonicTrading
2 months ago
Thank you Terry, your very kind person and good trader as well as good teacher, i will wait for your reply. regards
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junming1985
2 months ago
Nice call Terry!
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RuhailKhan
2 months ago
Nice Pic , Temujin khan of harmonic patterns.
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TerryHarmonicTrading RuhailKhan
2 months ago
what is Temujin Khan?
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RuhailKhan TerryHarmonicTrading
2 months ago
He ruled the world and made the greatest empire till the history. japan to russia all countries king
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