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Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

HOW TO TRADE BULLISH HARMONIC CHART PATTERN.

Bullish harmonic chart pattern suggests a long entry upon completion of the pattern or confirming the D point of the pattern. This post explains the way to find or draw a Bullish harmonic char pattern and the way to trade a Bullish harmonic chart pattern.

The Bullish Pattern

How to draw or find a Bullish harmonic chart pattern on price chart? To draw or find a Bullish harmonic chart pattern on price chart, first of all, we need to find the X and A points of the pattern.

The X point is found at the bottom of a strong bearish trend, and the A point is found at the top of a pullback. Now we need to draw a fibonacci retracement tool from X to A to find the B point of the pattern.

See the illustration below. In next step, we will draw a fibonacci retracement tool from A to B to find the C point.

Pattern — charts and quotes online | TradingView

The C point should be within the Look at the following illustration. In the final step, we will find the entry point, D point, of the bullish harmonic chart pattern. To find the D point of the pattern, we will draw a fibonacci retracement tool from B to C. A long entry is suggested when the D point of the pattern is confirmed.

The stop loss for the order should be placed at the lower support level. The profit target for the order should be placed within the The C point can also be traded, if it is the D point of a bearish shark harmonic chart pattern.

- Harmonic Trader

The B point can be traded, if the entries are confirmed by the other technical analysis tool s. Dear Traders, If you want to join the discussion with other traders, you can drop a comment below. You can also subscribe your F X guide to receive updates right into your inbox.

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Abul Albab Ahmed October 3, at 1: Newer Post Older Post Home. Enter your email address: Pages Home Page Fundamental Analysis Guide Technical Indicators Forex Chart Patterns Candlestick Patterns.

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