TerryHarmonicTrading

AUDUSD - No short unless it breaks this trendline

FX:AUDUSD   Australian Dollar/U.S. Dollar
4 months ago
Hey guys, just wanna do an update on my AUDUSD             analysis last week.

USD is still very weak.

No shorting on this shark pattern unless it breaks this significant trend line support.

Be patient :)
4 months ago
Trade closed manually: Went in at 0.7640 after the trendline broke.

Hit tp at 0.7530 nicely. +90pips
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
ddp922
4 months ago
If thats the case, shouldn't your order entry be below the tl
Reply
TerryHarmonicTrading ddp922
4 months ago
Thanks for the reply, I forgot to adjust it. Was predicting the turn before it reaches that zone. However execution for me requires a few other confirmation before entering.
Reply
ddp922 TerryHarmonicTrading
4 months ago
Yeah its in an interesting spot, Ive already shorted with a stop at 7722,

snapshot
Reply
TerryHarmonicTrading ddp922
4 months ago
I hope you survived your short. It broke the tl i drew, but I will only short on retracement to nice resistance levels. Took a 5-0 long on usdcad instead.
Reply
ddp922 TerryHarmonicTrading
4 months ago
i ended up closing and reshorting at 7728, and added as it was going down
Reply
TerryHarmonicTrading ddp922
4 months ago
Congrats. Great guts to reenter.
Reply
ddp922 TerryHarmonicTrading
4 months ago
I had 2 Major trendlines blocking the upmove, I couldnt really see them breaking so easily, I did have a feeling that price would atleast retest the 7720 area and it did

Bulls Failed Again!
Reply
TerryHarmonicTrading ddp922
4 months ago
That's great analysis. Thanks for sharing.

I'm curious, can you share with me what are the indicators on your chart?
Reply
ddp922 TerryHarmonicTrading
4 months ago
Bottom is EFI and above that is a TRIX system.
Reply
Njvest
4 months ago
Nicely spotted and Very accurate shark pattern with accurate target, either shark's 0.88% (0.76880) is turning down point or 1.13% (0.77200). I am placing Sell order at 0.77000 with 0.77700 SL).
Reply
TerryHarmonicTrading Njvest
4 months ago
thanks man, nice profits to close the week. Where are you from?
Reply
Njvest TerryHarmonicTrading
4 months ago
yh it gave us nice profit as expected :), I live in London (UK), what about u? Thanks for sharing ur views
Reply
TerryHarmonicTrading Njvest
4 months ago
Great to make friends in here. I am from Singapore. Let's share ideas and help one another out in here. I love tradingview.
Reply
Njvest TerryHarmonicTrading
4 months ago
I agree, tradingview is great place to make friends and exchange ideas to improve trading skills.
Reply
TerryHarmonicTrading Njvest
4 months ago
followed you :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out