TerryHarmonicTrading
Short

EURAUD - No shorts before it hits 1.4790

FX:EURAUD   Euro Fx/Australian Dollar
a month ago
Hey traders, this is my updated view on EURAUD             .

Last week, I posted a bearish shark which completes at 1.46.

Over the weekend, I re-analyzed my charts and realized that a better shark completes around 1.4790 instead.

This better chart aligns much nicer with the H4 equal distance channel (Parallel channel).

We will be in for a volatile week ahead with the US presidential election, I will always favor the bigger TF patterns over the lower TF patterns to be safe.

Watch for price to hit 1.4790 -1.48 before thinking of going short on this.

Do not enter with a pending order, this setup might not completes this upcoming week, it is totally fine to be patient.

EP: 1.4790
SL: 1.4850 (60)
TP: 1.4510 (280)

Will keep you guys updated in this space here.

Thank you for reading my postings.
24 days ago
Order cancelled: This is the reason why you should not use pending orders, more so if a major news event is near.

Price just bashed through PRZ.

You would have hit SL if you used a pending order to enter this trade.

Good learning point!
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
Mikekersting
24 days ago
very good suggestion
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