TerryHarmonicTrading

AUDUSD - No short unless it breaks this trendline

FX:AUDUSD   Australian Dollar/U.S. Dollar
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 :)
Trade closed manually: Went in at 0.7640 after the trendline broke.

Hit tp at 0.7530 nicely. +90pips
If thats the case, shouldn't your order entry be below the tl
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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.
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ddp922 TerryHarmonicTrading
Yeah its in an interesting spot, Ive already shorted with a stop at 7722,

snapshot
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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.
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ddp922 TerryHarmonicTrading
i ended up closing and reshorting at 7728, and added as it was going down
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Congrats. Great guts to reenter.
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ddp922 TerryHarmonicTrading
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!
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That's great analysis. Thanks for sharing.

I'm curious, can you share with me what are the indicators on your chart?
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ddp922 TerryHarmonicTrading
Bottom is EFI and above that is a TRIX system.
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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).
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thanks man, nice profits to close the week. Where are you from?
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Njvest TerryHarmonicTrading
yh it gave us nice profit as expected :), I live in London (UK), what about u? Thanks for sharing ur views
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Great to make friends in here. I am from Singapore. Let's share ideas and help one another out in here. I love tradingview.
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Njvest TerryHarmonicTrading
I agree, tradingview is great place to make friends and exchange ideas to improve trading skills.
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followed you :)
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