Alexander_Nikitin

Harmonic trade example.

Education
Alexander_Nikitin Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
53
Hey, mates. wanted to show you the power of harmonics. when 3,4, 5 fibonacci measurments point to a tight zone it is always a very high probability setup. On the chart we have two patterns completed at the same area: bat pattern and three drives pattern. I agressively entered next bar open after the Terminal Price Bar. Capitalized nice greens. My second half is still running til 0.618AD. If you find this educational information useful feel free to hit the like and follow buttons. Have a nice day.
Comment:
trade management. Closed half of my position at 0.382AD. The second half stoploss is place to breakeven.
Second half takeprofit is 0.618. But if price breaks the accelerated trendline within the IPO zone (green rectangle) then I will exit full.
Trade closed: target reached:
exited the second half on ATL break

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