USDJPY SHORT TERM TARGET - DEEP CRAB PATTERN FORMATION

14 thg 8, 2017

This is why I am still short on this on this pair. I remember sharing this analysis few weeks back. looking good so far. If today the price busts the B point and play below it, I will be seeing the D point getting met at the 161.8% Fib Ext. as you can see, the ABA 200% fib ext. aligns with the XAX fib ext. & create the price PRZone.

therefore, now I am patiently waiting to place another short entry. So basically I am waiting for the B point to busted, and enter short after a very small pullback to form on a 4H chart and set my profit target at the 161.8% fib ext. :)

So I am still Patient :)
Good Luck