TerryHarmonicTrading
做空

EURUSD - H4 Shark failed, now watch it fly to 1.12

OANDA:EURUSD   欧元/美元
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 move from the current market price

Trade Execution

I will look to go short on EURUSD             if it completes the PRZ between 1.1990 to 1.1210.

Trade will only be execute when I see the price rejecting the PRZ either via a pinbar or a candlestick reversal.

For additional confirmation,you can look for RSI divergence when the pattern completes.

This trade WILL NOT be valid if

1) Price does not react at PRZ and actually breaks convincigly above it
2) Price turns down before completing PRZ

Textbook rule for SL and TP are drawn with the red and green rectangle on the chart.

SL = 15 pips above XC 1.13
TP: Fib 50% retracement of CD
评论:
snapshot


In the lower timeframe, price has bounced off the channel lows with RSI bullish divergence and a little RSI Bamm.

We could see EURUSD resuming its upwards climb today.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出