tamio

EURUSD @LONG

FX:EURUSD   Euro/U.S. Dollar
113 6 2
Hi everybody, im new to this kind of chart pattern. please comment.

I'm riding on bullish to 1.07800. Please comment so that i can learn.

Thanks for reading
Trade active: still in trading
Trade active: current price is 1.06800... still long way to go.
Hi, wouldn't suggest to use the C leg in expectation of the pattern to complete. Harmonic patterns are traded at the D point, not C (unless you've another reason for entry). Hope you get what i mean! Good trading!
+1 Reply
tamio Roker1
@Roker1, thanks for your comment., fully noted and understood. I applied fibo retracement to get the TP then analyze backward to get point C.

Base on ur explanation, means we have to wait the price went to D before we took short... Therefore need to wait yeah!
+1 Reply
@tamio, if you trade harmonic patterns you have to wait to the D point, yes. However if you find another valid reason for entry near the C leg, then you can set your target2 position (if you split it) at the D point. But notice that the reason for entry has to be valid itself. Have a nice day!
Reply
tamio Roker1
@Roker1, thanks bro... really help me to understand harmonic patterns as there are many type of them.

Really appreciate your comments.

Good luck on your trading bro...
Reply
@tamio, if you like harmonic patterns and fibos give a look to my charts, hope you'll like those.
Reply
tamio Roker1
@Roker1, sure I will. I keen to know about it more
Reply
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