I expect a strong rebound from here. Last target near 2.00 were we have a potential bearish bat. I will look for shorts there. Best regards
Comments
jotforex
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its still moving down.. whats the cause?
Bankster
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1.9811 now!
danndc
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dear mate, i am a your follower. i would like to ask you some advices.
how do you draw crab and butterfy and bat forms? how do you calculate the possible targets?
thanks a lot for your help
FullTimeTrader
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Hello, i do it manually, there are many courses for that. I recommend you first learn and then practice
danndc
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can you advise me some course or book to read?
FullTimeTrader
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I will tell you the true, beeing a trader is a long hard way, i studied many courses about harmonics and still practicing and testing. It is not just simply reading and then profiting from the market. Having said that you can start with Harmonic Trading Vol 1 by Scott Carney.
do the patterns work an all timeframes? what timeframe should i use most?
FullTimeTrader
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Hi, good questions. Patterns dont always work, even if they follow the rules. Most of them just have some reaction near the PRZ, I see may traders do this mistake and trade every pattern that appears. For me harmonic is just another tool, as prefer to use it at higher timeframes (H4 and higher). First i make a price action analysis (strong levels of S/R) and make fundamental research (the price follow the fundamentals.