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Terryhexiejiaoyi

USDCHF - Bearish Bat/ Alternate BatHave not been active in the English portal of TV for awhile, I hope I still have some followers watching my analysis. Today, I'm sharing about my view that the USD rebound will continue. USDCHF is a good way to play the strength, with my eventual targets for the rebound to end either at the bat pattern around 0.94 or the bearish alt bat pattern around 0.9520-0.9530. This likely means we haven't seen the last of the stock market correction with DXY looking to establish higher levels in the coming days. Therefore my conclusion for this week is to short XXX/USD on rebound or to long usd/XXX on pullback to support. Good luck and good trading my friends!
by TerryHarmonicTrading
3
DXY deep Gartley completion at 93.70DXY looks to be completing a deep gartley on the 1h chart. It is a deep gartley because the ABCD pattern completes above XA 0.786. I expect DXY to go higher over the next few trading days. It should test 93.70 to complete this deep gartley before potentially resuming its downtrend. Since I cannot trade it directly with my broker, I have shorted GBPUSD on a small bearish bat. A great week overall, hopefully the winning streak will continue next week! Wish everyone a great weekend ahead!
TVC:DXYShort
by TerryHarmonicTrading
ETHUSD - Potential Bullish Bat?Gold and silver has taken a big dump recently, I am still waiting for a decent dump in cryptos before the BBs will want to push it up further. ETH hit trendline resistance today, it could start to trend down as long as 400 is not broken. I will be waiting for a correction back to 314 where it comes a bat pattern to consider going long. If I have to force a trade today, I will consider shorting it with stops above 400 and target at 314. Good luck and good trading everyone, weekend is coming
by TerryHarmonicTrading
NASDAQ dumped back to support, bearish Crab @ 11530Yesterday the markets plunged with metals leading the way. Stock indices dropped even though Russia invented a Covid vaccine. I see a massive vol spike in NASDAQ at support, this is quite a bullish signal in my opinion. A big crab pattern has yet to complete for the NAS at above 11500, therefore I think the trend can potentially continue higher this week until this pattern is completed. Currently at this support zone, I will go long with targets at the completion of the crab pattern. Stops will be just below previous swing low around 11840. After the crab completes , I might look for potential sells again. Good luck and good trading!
OANDA:NAS100USD
by TerryHarmonicTrading
2
DXY - Bullish bias until 94DXY completed a bat pattern last week and reversed successfully. The bulls are punishing the late shorts, and this temporary uptrend is likely to resume until dxy goes back above 94. This downward channel is a good reference for potential resistance zones. When DXY crosses above 94, many bullish patterns will complete in USD denominated pairs like AUDUSD, GBPUSD and EURUSD. Be patient and wait for these great patterns to play out. Good luck and good trading guys!
TVC:DXYLong
by TerryHarmonicTrading
NASDAQ - Potential Bearish Deep GartleyI analyzed DXY over the weekend, with it clearly breaking 95 on the daily chart, I expect it to challenge 88 soon. A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets. With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980. Nasdaq will complete a deep gartley around this level, which I will wait for a break of support before considering whether to go short. A deep gartley is when the ABCD structure exceeds XA 78.6, we will then shift our focus to XA 88.6 to look for a potential reversal. Right now, it is looking bullish, and I expect another 300 points move upwards minimally. If you want to trade today, buying is the right move with targets at 10980. Good luck and good trading.
OANDA:NAS100USDShort
by TerryHarmonicTrading
GBPUSD - Bearish Shark CompletionHas been a great week for me. Profited on EURUSD, GBPUSD and NASDAQ longs. Exited all positions and thinking to go short on pound now. Reasons are 1. DXY has reached a 1902 crab pattern completion, it is likely due for a correction (Big or small) 2. GBPUSD has completed a bearish shark pattern 3. The h1 support trendline has been violated. Therefore I might look to short soon with stops at XC 1.27 Targets will be at CD 0.5 and CD 0.886. Hope you all love my analysis, smash that like button and leave a comment will mean so much to me! Good luck and good trading everyone!
Short
by TerryHarmonicTrading
2
NASDAQ - A potential Bat completing around 11000?Did an analysis on NASDAQ too this week, looks like it is bouncing off a nice support trendline at the moment. I expect it to inch higher this week to complete this bat pattern. When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish. Short term traders can consider going long from current levels towards 11000. Good luck and good trading!
OANDA:NAS100USDShort
by TerryHarmonicTrading
EURAUD - Bullish Shark Completion @ 1.6240Squared off my longs this morning, it was 10 pips away from my profit target at 1.6410 last night. Should have taken notice that exponential volume came in around 1.64. Only captured 60 pips instead of my targeted 200 pips, patiently waiting for my second stab at it probably this week. I see further correction downwards for EURAUD, towards 1.6240. At 1.6240, it will complete yet another bullish shark with potential final targets at 1.6410. (Big bearish shark PRZ) Stops will go below XC 1.27. Initial targets will be CD 0.5 and CD0.886. Good luck n good trading!
Long
by TerryHarmonicTrading
DXY - Bearish Alt BatThis rebound in DXY was predicted a week ago, when I highlighted a potential bullish shark completion around 96.50.(See related idea) It went to 96.25 before rebounding yesterday. Going into next week, I am expecting DXY to continue slightly higher to test 97.15 before it resumes its fall again. At 97.15, it will complete an alt bat pattern. Stocks should take a breather for now and might resume its upwards move next week after DXY completes this alt bat. Good luck and good trading!
TVC:DXYShort
by TerryHarmonicTrading
EURAUD - Potential Shark PatternWe have a potential shark pattern completing on EURAUD. It might be doing a C-D move of the shark right now. Some interesting observation: 1. NFP was on thursday, but there was a huge vol spike on Friday 2. Hidden buyer or hidden seller? I'm expecting usd denominated pairs to go higher this week with Euro leading the pack. Stock indicies should also inch higher. Same applies to EURAUD, I will be waiting at around 1.6410-1.6430 for a potential sell. For daredevils, you can also consider trading the C-D move on this shark but it has higher rates of failure. Good luck and good trading!
Short
by TerryHarmonicTrading
Dollar weakness to persist, bullish shark PRZ at 96.50USD index a.k.a the DXY looks poised to weaken further. With NFP tonight, I expect good news for the stock market and further weakness in the dollar, what news it is gonna be I will not be interested. Last Saturday I did a webinar with Scott Carney, founder of Harmonic trading to talk about the markets. I went on to cover what I feel about USD denominated pairs like EUR/GBP/AUD. I told them I am expecting bullishness this week, and I am lucky I got right once again. In conclusion, do not short XXX/USD until this 96.50 level is challenged in DXY. Good luck for NFP and all the best to a great trading week ahead!
TVC:DXYLong
by TerryHarmonicTrading
Bitcoin - Potential Bearish Shark 9640 - 9680Bitcoin looks to be rebounding off the lows last week. It could complete a bearish shark around 9640-9680. Right now is just a waiting time, will consider whether to go short after price test the entire PRZ zone. If it breaks up and hits XC 1.27, there will be no trade. If it reverses with healthy volume from the PRZ, I will be going short. This current move mimics the upswing on AUDUSD yesterday, have you seen it yet? (See related idea) Targets will be CD 0.5 and 0.886. NFP this week, good luck n good trading all!
Short
by TerryHarmonicTrading
AUDUSD - Bearish Shark at 0.6960-0.6970AUDUSD looks to be heading north, there could be some rebound in the stock market this week I guess, with falling USD. Is the FED planning a new stimulus again. My view for AUDUSD is that it should go up and complete a bearish shark pattern around 0.6960-0.6970. It will be wise to wait for patterns to complete before getting into the trade. If you are adventurous, you can consider trading the C-D leg on this AUDUSD shark move too. For shark pattern generally, profit targets are at 50% retracement of CD leg and 88.6% of CD leg. Stops has to go below XC 1.27. Good luck and good trading!
Short
by TerryHarmonicTrading