TerryHarmonicTrading
Short

GBPUSD - Grexit Shark Completing around 1.4720?

FX:GBPUSD   British Pound/U.S. Dollar
The Pound has been one of the most volatile currency pair for the year 2016.

Amidst this erratic movement, I still manage to see it respecting Harmonic movements.

Will be looking to short GBPUSD             on a bearish shark completion around 1.4723.

Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.
Trade active: Entered short at 1.4720. Leaving trade open.

Will look to TP around 1.4470.

If price retest 1.4720- 1.4730 it is still a short.

Trade is invalide only if it breaks above 1.4820.
Trade active: Secured half position of profits at 1.45. (+220 pips)

Leave 2nd half running with SL tightened to 1.47. (Minimum +20 pips)
Trade closed: target reached: 1.4460 hit. TP on 2nd position.
Terry will u consider the Bat pattern as well?
Reply
I just type Grexit instead of Brexit.

It is Brexit guys.
+1 Reply
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