USD/JPY Bearish Crab Pattern to Test Support at 110.84
Bearish Crab
I think this pattern will re-test the 111.03 - 110.84 level and
perhaps create a bullish double bottom, should the
110.84 level hold.
As always with harmonic patterns, scale out your profits on
your way down.
First short:
Entry below 112.226
T/P 111.760
S/L 112.48/50
Second short:
Entry below 111.76
T/P 1: 111.70 (Point A)
T/P 2: 110.84 (Point C)
Then, if price closes above 111.07 go long targeting 114.10
scaling out your profits along the way.
Happy trading
I think this pattern will re-test the 111.03 - 110.84 level and
perhaps create a bullish double bottom, should the
110.84 level hold.
As always with harmonic patterns, scale out your profits on
your way down.
First short:
Entry below 112.226
T/P 111.760
S/L 112.48/50
Second short:
Entry below 111.76
T/P 1: 111.70 (Point A)
T/P 2: 110.84 (Point C)
Then, if price closes above 111.07 go long targeting 114.10
scaling out your profits along the way.
Happy trading