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Fomenka
May 25, 2014 10:11 AM

First attempt in harmonic trading. Short then Long Short

Euro Fx/U.S. DollarFXCM

Description

Never traded based on harmonics before. However looking at EU it feels like the following could happen. Am ot sure if all the ratios are correct but this way the price will also hit 200 and 500MA at the strong support level. Might work.
Comments
ColeNed1
The closest thing to a true harmonic pattern you need is for "bat pattern". fxgroundworks have a pattern guide (free) on the last page of issue 1. worth downloading in my opinion.
ColeNed1
basically your c point has to be below 1.00 and your d point has to be above the XA 1.000
Fomenka
And downward trend lines also worth paying attention
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