Harmonic Trading
Time frame H4
pattern = ABCD 100 %
Sell @ 0.8170 - 0.8180
SL: 0.8264
TP1 : 0.618 CD
TP2: C
TP3: A
Happy Trading.
When with it. Looks like a good run.
Happy Holidays!
very high risk trade without confirmations first, at least see a big red candle first
why high risk?
you means… with confirmation? candle stick? or other pattern?
at the moment there’s only bullish candles, when u think there’s a reversal or has hit some sort of resistance, you need confirmations on the chart first with candles and possibly some add on indicators too
when u just look at this naked chart, eur/gbp is clearly in an uptrend, say you think it just hit some crazy resistance wall, you wait for at least 1 or 2 confirmations first before entering the trade…
currently it still shows it’s very very bullish, see no signs of slowing yet…
perhaps you’ll get a shooting star or some other indicators confirming it’s the top
and i dont even see why you wanted to short in the first place
not sure the logic behind why this is the top
anyway, it’s just my opinion
EURGBP (4H Chart): The pair has reached a strong resistance level (a triple top),
Most likely scenario: Short @0.81574 with goals @ 0.8110 & 0.80840
signal am listening to, but possibly with lower goals.
The market has price action around 0.8220.
thus my first target @ 61.8 % = 0.8107 and the second is @ C and third is @ A.
Happy trading.
Here we go, as a starter i feel like little kid waiting for santa under christmas tree, and here he’s coming! happy piping, HooaH!!!
Tp1: 61.8=8107 :54:
Got it, Yes sir thank you.
Following your trades, maybe you got a journal, blog or something like that?
This picture is for you.
It seems to have sharp W4.
in time frame H1 . we can buy @ these rates=> 0.8114 and 0.8135 . with protective stop @ end of wave 1=0.8058
and take profit is @ 0.8225.
Fibo, you’re just too kind! although i got stuck with usd/jpy, waiting for correction, a strong one, went short on it way to early…
Many thanks for your advice, I’m long on this pair @ 0.814 waiting for the correction. Please keep me updated in case of any surprises
