TerryHarmonicTrading
Long

GBPAUD - Bullish Shark completion at 1.7355

OANDA:GBPAUD   Britisches Pfund / Australischer Dollar
We are now witnessing an upwards retracement on GBPAUD             .

The immediate resistance is around 1.78.

If it drops in the next few trading days, I expect it to come down to 1.7355 where it will complete the bullish shark pattern.

This is where I will be interested to look for buying opportunities.

The volume activity at the PRZ will be critical to my buying decision.

Will keep you guys posted.
I like how you use a resistance to predict the retracement , i never thought of that i learned something new here :3
Antworten
@dubaere, in my system, it is patterns first, followed by volume. Patterns give me direction, volume gives me the trigger to execute.
Antworten
dubaere TerryHarmonicTrading
@TerryHarmonicTrading, i understand i have one more question (sorry haha )
what is the volume indicator i can't find the same one
And how would you use volume to enter?
Antworten
@dubaere, just search for hidden volume under indicators. On the usage, I suggest you check out the book Master the markets by Tom Williams as the concept cannot be easily explained with a few sentences.
+1 Antworten
dubaere TerryHarmonicTrading
@TerryHarmonicTrading, thanks i will look it up :3
Antworten
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