TerryHarmonicTrading
Short

AUDJPY - Bearish Bat at top of ED Channel

FX:AUDJPY   Australian Dollar/Japanese Yen
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!
Trade active: In at 78.70.

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

Riding on 50 pips of profits now.

Targets still at 76.50.
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.
wonderful analysis
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thank you RuhailKhan, are you trading the news?
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RuhailKhan TerryHarmonicTrading
yes i will buy gold around 1230 to 1240
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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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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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I will start buy gold and sell dollar for one to two months period
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Sir tell me one thing, motivewave is better or harmonic analyzer pro?
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sorry not motivewave formationseeker.
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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
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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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
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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Nice call Terry!
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Nice Pic , Temujin khan of harmonic patterns.
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what is Temujin Khan?
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RuhailKhan TerryHarmonicTrading
He ruled the world and made the greatest empire till the history. japan to russia all countries king
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