USDJPY - Potential bearish crab pattern
Updated
A bearish crab pattern indicates a potential short entry up at 110.08
The 1.618 XA is almost right on top of the 2.618 BC projection
The 1.618 XA is almost right on top of the 2.618 BC projection
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Note
As with the butterfly pattern my profit targets for a crab are found at the 0.618 and 1.272 of the CD leg (in this case, 108.996 and 107.755, respectively). Lovely targets on this one, good luck all!
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