TerryHarmonicTrading
Short

GBPJPY - Bearish Shark Completion (14092016)

FX:GBPJPY   British Pound/Japanese Yen
Hey guys, a great pity to miss my long on EURJPY             posted yesterday.

Today, I am watching for GBPJPY             to hit 137 for a potential short.

SL will go around 137.60 and TP will be right back at 135.

This is based on a shark pattern which completes at XC 100.

Will look out for

1. Divergence at entry zone on the rsi
2. Reversal candlestick
3. Long hammer candlestick

to confirm my entry.

Personally, I find better success by doing market entries rather than pending orders for harmonic trading.

Use these filters that I use, I can guarantee you a higher hit rate.

Great trading all!
Comment: Still awaiting short at 137.
@terry, I agree.market order.though I dont know harmonic pattern but I prefer to use market entry rather than pending order.. especially for GJ. thanks for sharing though.I m in short position now. Tuesday low or at TL.watch price action closely.tq
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@ezajaan032, thanks for the comment, appreciate it. All the best for your trade. I am still waiting for my short to be triggered though. :)
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ezajaan032 TerryHarmonicTrading
where about? 138.4? ok.. I was expecting yesterday to reach that area,but gbp was so fortunate.. nvm, we wait for today. me goin to long when I close this entry somewhere btw 134.9-135.25...
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135.2 is a nice level. If i am short, I will TP around that level too. Initial PRZ of this pattern is at 137, if there is no reversal signs there, I will wait for 138.8 which is a bigger shark completion on H4.
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Thanks
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Thank u!
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