• BoonHooi

Did you take these trades?


I only took two trades this week, if you were following my postings, you would have gotten into these trades. Let's have a look at them below.

USDJPY H1 Gartley: (-35pips loss)

Price just bashed through the PRZ and continued moving up to hit the stop loss. Weakness in the JPY, but it looks a little overstretched now. Read on to see a potential trade.

EURUSD H4 Gartley: (TP1 with +90pips, now still running with +112pips)

First batch out at TP1 and the second batch remaining is a risk free trade. Shift your stop loss level to the entry price. My TP1 is at 1.1615.

Trade Analysis : GBPJPY H4

As mentioned the JPY looks a little stretched and there could be a potential to take a counter trend trade towards the close of the trading week. Expecting market to correct as the traders take off profits off the table.

Trade engagement: I would want to see some kind of reversal pattern at the PRZ to confirm the short.

Announcements

If you have not explored Harmonic Patterns Trading yet, you are most welcome to attend my upcoming seminar on the 17th July 7pm. Please RSVP via the link below, so we can prepare the necessary logistics.

https://www.eventbrite.sg/e/forex-technical-analysis-with-harmonic-patterns-tickets-47893414492

These patterns have been good to our community. Hope to see you next week.

Trade well and trade safe

#harmonicpatterns #harmonicforex #forex100academy #usdjpy #gbpjpy #eurusd #GartleyPattern #sharkpattern

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