USDCHF - Bearish Shark Completed Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Aug 15, 2017 1:29 PM

Hey guys, I am initiating a short on USDCHF on this shark pattern completion.

I will have my stops at 0.9765 and my tp at 0.9620.

Good luck and good trading all.

Comment

⋅ Aug 17, 2017 4:29 AM

this was a close one. 1 pip away from SL and it started dropping. Almost 100 pips now.

Trade closed: target reached

⋅ Aug 18, 2017 1:39 AM

Hit TP at 0.9620. +117 pips

Harmonic Patterns USDCHF

Comments

Soufkorean

⋅ Aug 15, 2017 1:30 PM

SL should be higher than X if ure trading harmonic pattern(IMO)

Alexander_Nikitin

⋅ Aug 15, 2017 1:50 PM

@jiyongprk, it should be above the Terminal Price Bar. But it all depends the execution and management. Hey, Terry, long time didn't here from you:)

TerryHarmonicTrading

⋅ Aug 15, 2017 2:17 PM

@Alexander_Nikitin, long time no see. Glad to see you growing your following here!

TerryHarmonicTrading

⋅ Aug 15, 2017 2:18 PM

@jiyongprk, textbook rule does require sl to be above X. I love it this way though after years of trading these patterns.