Midweek Trade Review
I would like to take this opportunity to do a review on the recent trades that the HarmonicForex community took for the past week.
NZDJPY H4 Chart: Bearish Shark - All closed (TP2 = +170pips)
The Bearish Shark short taken since the 17th Jan closed off at TP2 with a profit of +170pips. The move was drastic and to date, it has dropped approximately 300pips.
CADJPY D1 Chart: Bearish Bat - Currently sitting on +212pips profits
The Bearish Bat achieved TP1, closed off half a position with +155pips profits. Currently running on +212pips with a target of +340pips. My TP2 is set at 80.88. However I have protected the trade by shifting the SL to 82.88. Ensuring me a profit of at least +136pips for the remaining positions.
AUDUSD H4 Chart: Bullish Shark Pattern - (Loss -27pips)
This trade looked like a perfect trade, Bullish Shark Pattern completing at a strong support levels. Gave me the confidence. However the trade hit a stop loss of -27pips. Closed.
The following trades on AUDJPY and EURUSD were made in the previous post.
AUDJPY H4 Chart: Bullish ABCD Pattern - Hit Stop Loss with (-50pips)
This trade started off in the right direction and I was sitting on 40-50pips profits. Then price too a downturn. Managed to square off half a position at around break even. The remaining positions hit stop loss with a loss of -50pips
EURUSD H4 Chart: Bullish Bat Pattern worked out perfectly
Though I saw posted to the trading community, I personally missed this trade. I was waiting t and waiting for the reversal and I missed it. Trade hit TP1 with at least +70pips.
Stay tuned to my market outlook tomorrow morning.
If you like what you see and read on my posts, this is how I trade the markets. I will be having a classroom session to introduce Harmonic Patterns Trading in Singapore and share the dos and don'ts.
Event : Forex Trading with Harmonic Patterns
Date : 19th Feb 2020
Time : 7pm to 9.30pm
Click on the link HERE to RSVP. Invite your friends too.