TerryHarmonicTrading
Short

GBPUSD - Bearish Shark short at 1.2270

FX:GBPUSD   British Pound/U.S. Dollar
4 months ago
Hey traders, we have an opportunity to short GBPUSD             next week.

On H4 , we are shorting near the extreme high of the ED channel.
On H1, we see a bearish shark completion around that level.

Also, we the level I am looking to short just happens to be at last week's high.

With all these factors in place, I want to monitor the zone between 1.2260 - 1.2270 for a potential short.

I will not use a pending order and I will be looking out for the 2 criterias below to happen before going short.

1. RSI divergence at PRZ
2. Candlestick reversal in in zone

Will keep you guys posted when it reaches my zone.

Already set an alert on tradingview to update me when it happens.
4 months ago
Trade active: Just went in on a retest of 1.2270.

SL at 1.2320
TP at 1.2160

Good luck guys.
4 months ago
Trade closed: stop reached: Got stopped out on this, -50 pips.
Download now! –> Terry’s Week 43 Forex Market Outlook Report

http://www.harmonicforex.com/terrys-weekly-forex-market-report/week43report
Reply
AdrianUrban
4 months ago
i wait in : USD/CHF and GBP/USD short in your Harmonic pattern. thanks
Reply
KhunHunSein
4 months ago
hi. i have a few question, in this chart pattern why XD leg is 0.999 ? how calculate it ? thz
Reply
TerryHarmonicTrading KhunHunSein
4 months ago
Hi, the Shark pattern has 3 potential reversal zones.

It is

1. 161.8 of BC
2. 88.6/100/113 of XC

Look for RSI divergence at either of the 3 zones before execution.

You can refer to the measurements here.
http://www.harmonicforex.com/the-shark-pattern
Reply
KhunHunSein TerryHarmonicTrading
4 months ago
thank for reply
Reply
pathaniasourabh
4 months ago
Stoploss & target for the pattern ?
Reply
RuhailKhan
4 months ago
http://news/articles/2016-11-02/brexit-bulletin-the-view-from-berlin
Reply
RuhailKhan
4 months ago
I am very innocent and new in harmonic patterns please guide me about good books. stuff. softwares and very personal harmonic research.;) i am more interested to know the failure of harmonic reasons, God bless you all.
Reply
GoldHunter
4 months ago
shorted now , thank u mate
Reply
pipstrading
4 months ago
Hi Terry, one quick question. Is the 88.6~113% of XA or XC in a Shark Pattern?
Reply
TerryHarmonicTrading pipstrading
4 months ago
It is XC
Reply
pipstrading TerryHarmonicTrading
4 months ago
thank you!
Reply
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