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langkahduabelas.istanaraja
Oct 6, 2013 7:27 PM

sebelas_e Long

Euro Fx/Japanese YenFXCM

Description

eur/jpy go long this week...
target 133.803 from my position 132.080.... hehe good enough is good enough"
Comments
Technician
hi, i have a note for you, and actually for alot of harmonic traders, if you don't mind , regardless of the upcoming direction, harmonic patterns are meant to find potential reversal zone areas for price, through a set of pre-defined rules, so those rules have to be met for the pattern to be valid. Accordingly, the final leg of the pattern is the most important one because it completes the pattern, in this case, you should short when price reaches the PRZ at point D, otherwise, the pattern you drawn doesn't describe any valid harmonic structure.
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