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TerryHarmonicTrading
Oct 5, 2016 7:26 AM

EURJPY - Bat pattern at ED channel top to sell! 

Euro Fx/Japanese YenFXCM

Description

Hey guys, we have a great setup coming on EURJPY.

Bat pattern to short at high of channel top.

EP: 115.60 - 65
SL: 116.50 (90)
TP: 112.90 (270)

Will be monitoring RSI divergence candlestick reversal patterns for signals before entry.

Harmonic trading success rate becomes much higher when you combine it with a simple ED channel.

Trade active

Went in at 115.65.

Stop loss is at 116.50.

Good luck all, be prepared to win as well lose, always keep your risk management in check.

Comment

Moved about 40 pips in my favor.

Will be holding this trade till next week.

Comment

Trade is running at +100 pips. Holding it on to 112.90. Anybody joined me on this?

Comment

Just shifted my stop loss to 115.65 to ensure a risk free trade now.

Comment

Time to update our stop loss to 115.20.

Locking in 40 pips of profits.

Targets still at 112.90.

Trade closed manually

Decide to take profits at 114.50.

+115 pips.
Comments
TerryHarmonicTrading
harmonicforex.com/wma/week41

Good weekend traders.

Check out my gameplan for next week!
TerryHarmonicTrading

TerryHarmonicTrading
Waiting to reshort at a much better price if it comes back up.
asifrazzaq
Should have kept it mate. Jp morgan just went short and going to 1.11. Anyway great work as always mate. Appreciate the idea and updates
TerryHarmonicTrading
Thanks man, I just wanted to bank some profits this week. Probably will go short on it again once it bounces up above 115.
asifrazzaq
Or break if 114 on downside will open it up to 111
EYEO
EUR still weak, should have kept small position ?
TerryHarmonicTrading
Maybe reshort when it bounces up again. Very strong range on both EURJPY and AUDJPY. Bank in some profits first.
EYEO
noted. Shall monitor on RSI and price action
ChrisMark
I am in this too, we must be careful for 114.117 area , however I hope to drop till the target.
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