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
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In at 78.70.
Gonna hold it over the weekends and hope it reaches my TP next week.
Comment
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Stop loss updated to 79.20.
Riding on 50 pips of profits now.
Targets still at 76.50.
Trade closed manually
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Took some profits off the table.
Price is ranging very strongly.
Will seek to re-enter short when it retest around 78.90.
He ruled the world and made the greatest empire till the history. japan to russia all countries king
junming1985
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Nice call Terry!
RuhailKhan
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sorry not motivewave formationseeker.
TerryHarmonicTrading
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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.
RuhailKhan
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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.:(
TerryHarmonicTrading
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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.
RuhailKhan
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Thank you Terry, your very kind person and good trader as well as good teacher, i will wait for your reply. regards
RuhailKhan
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Sir tell me one thing, motivewave is better or harmonic analyzer pro?