TerryHarmonicTrading

TerryHarmonicTrading Updated 

This setup is pretty correlated with my analysis on USDJPY. Pattern Identification Bearish Shark completes around 84.63. Drawing in my strong S/R zone, I will not be surprised to see it going slight higher to 84.80. This will be my zone of interest Trade Execution I hope to see a nice rejection around the zone I mentioned above. EP: 84.60-84.80 SL:...

TerryHarmonicTrading Updated 

Hey traders, I had a tough trading week. It was packed with SL and missed profits. Will be talking about my struggles last week in my video. Nonetheless, I have been through worst and now is the time to recalibrate and only take the best textbook setups. Pattern Identification Bearish Shark at 112.55. EP: 112.55 SL: 113.15 TP: 111.15 Trade Execution...

TerryHarmonicTrading Updated 

I am training my skills to trade H1 setups. I plan to spot type 2 entries only for H1 setups. Trying to do my forward test of the success % of trading type 2 H1 entries. For type 2 entries, I will use pending orders to enter my trades. Pattern Identification AUDUSD completes bullish shark at 0.7634. I will be long once price retest 0.7634. SL will be at...

TerryHarmonicTrading

Hey traders, I am going through a course at OTA conducted by a friend Jeff Manson right now. I am reviewing some setups which failed for me last week. Dollar Index Daily Chart Upon reviewing the chart, I realised that this should be the right way I should draw my shark pattern. Always choose the deeper B leg as your correct B. (Compare this to the other...

TerryHarmonicTrading Updated 

Hey guys, I was trading correlated setups in USDCHF and EURUSD last week. Being correlated, I took the shark on the USDCHF and not the EURUSD to avoid "double risking". I got stopped out and decided to watch the bigger TF for where EURUSD could go to. This is what I spotted. Pattern Identification Bearish Shark completes at 1.12. This is easily a 300 pips...

TerryHarmonicTrading Updated 

I see a bat completing on USDJPY. Pattern identification USDJPY Bearish Bat at 111.20. Trade Execution Will initiate sell at market now 111.14. SL will be at 111.40 (24) TP will be at 110.55, the 0.618 Fib retracement of AD (59)

TerryHarmonicTrading Updated 

This is an example of Harmonic patterns working perfectly on less traded cross pairs. This is the GBPNZD, a super volatile currency pair which can easily move 300 pips in a single day, it might not be for everyone. Pattern Identification Bearish Bat completes at 1.7820 - 1.7840. This is a pattern to sell. Trade Execution Wait to enter short at PRZ zone...

TerryHarmonicTrading Updated 

Hey guys, this is a nice H1 setup on EURCAD to sell. Pattern Identification Bearish butterfly pattern completion. Type 2 entry. Trade Execution This sell entry should fall between 1.4450 to 1.4470. SL will be set at 1.4510 and TP is the 886 retracement at 1.4270. Easily a 1:3 R:R on this setup. This trade will be invalidated if it breaks above 1.4460...

TerryHarmonicTrading Updated 

Hey guys, sorry for the lack of updates this week, alot of offline workshops and meetings for last week. Good news, next week, my schedule looks empty and I might be able to squeeze in more time here on tradingview. Last week was about waiting for the USD to reverse. Clues were everywhere, GBPUSD hit resistance, audusd and eurusd completed bearish...

TerryHarmonicTrading Updated 

Hey traders, am preparing myself before my webinar at 9pm tonight. I see a nice setup that just completed on USDCHF Pattern Identification Bullish shark completion at 0.9895. Trade Execution I missed the entry price around 0.9895, have put in a pending order to buy on any retest. There is USD news tonight, hoping for a retest downwards for me to get in...

TerryHarmonicTrading Updated 

Hey guys, monitor EURGBP for a potential sell at $0.88. This is a shark pattern completion on the H4 timeframe. Pattern Identification Shark pattern to sell at 0.88 Trade Execution Monitor for pinbar, candlestick reversal at PRZ before execution. No reaction no trade. SL will go at 0.8840 TP will be at reciprocal ABCD completion at 0.8615. News event...

TerryHarmonicTrading Updated 

Hey guys, this is an update to the previous GBPUSD chart I posted before FOMC. That chart had some junk in it and was not clean enough, so I am re-posting it together with updates. Pattern identification I see a bullish bat pattern completing around 1.2050 - 1.2070. Trade Execution Post FOMC, I am still waiting for GBPUSD to hit my entry level before...

TerryHarmonicTrading Updated 

Hey traders, USDJPY might be completing a buy setup near 112 this week. Keep a lookout. Pattern Completion Bullish Shark pattern completes around 112.12. This shark PRZ is made up by BC extension 161.8 and XC 0.886. Trade Execution Will lookout for pinbar or candlestick reversal at PRZ for long. This setup will be even better if the RSI shows either...

TerryHarmonicTrading Updated 

Hey guys, hope you guys had a great trading week. I was away for work in Vietnam but I still had a great trading week. This is what I love about trading, being able to be anywhere in the world and still have a chance to make some profits for myself. Will be looking to short AUDUSD next week. Pattern identification AUDUSD completes a bearish shark on the H4...

TerryHarmonicTrading

Hey traders, just prepping myself before the webinar starts tonight. I see a nice bat pattern completing on GBPUSD. This pattern aligns with the GBPAUD I shared over the weekends. Pattern Identification Bat pattern to buy at 1.2050 - 1.2070. Very tight confluence at this zone, DO NOT use a pending order. Trade Execution Will wait for a pinbar,...

TerryHarmonicTrading Updated 

Hey guys, NFP is finally over and we have many good Harmonic setups coming up. The 1st I want to talk about is on EURUSD which has a Shark pattern completing. Pattern Identification The bearish shark pattern completes at 1.0790. Based on the rules of the pattern, I will be looking to go short on EURUSD when the pattern completes. Trade Execution A few...

TerryHarmonicTrading Updated 

Hey guys, watch GBPAUD, the shark pattern is about to complete at 1.5930. Trade Execution I will look for a bounce off the PRZ before considering whether to go long. A good rejection can be a pin bar candlestick or a nice engulfing bullish candlestick reversal. No reaction no trade. SL will go be at 1.58, targeting 1.67 for a nice daily swing trade. This...

TerryHarmonicTrading Updated 

Hey guys, this is a great setup on USDJPY. I am expecting it weaken next with a retracement on the USD. Pattern Identification USDJPY has completed a bearish shark last Friday at 115.37. It has since fallen about 60 pips. Trade Execution At this current price, I will only go short if it retests the zone between 115 to 115.30. I will monitor for reaction...