Hi Traders,
Harmonic Patterns have indeed been showing us some good turning points. Let's have a look at the NZDJPY here. In my 5th Jan post on the HarmonicForex Sharing Room FB Group (Click Here to see). I was expecting this pair to go higher. Only today did it reach the intended levels and started to fall.
In the daily chart, we see price reacting to the Shark Pattern completion level and dropped. Showing bearish divergence on the MACD.
Zooming into the smaller time frame, I am expecting the price to retrace higher. Probably to the TL support turn resistance or even up to the middles of the Bollinger Band. Will see how the price reacts to enter the trade.
Trade well and trade safe.
Invitation:
For those of you who are based here in Singapore, you are invited to my sharing session. This is where I will show you how I used Harmonic Patterns together with the various TA analysis.
Highly recommended to those who are serious in trading, bring your friends along too. See you soon on that evening.