cdschultheis15
Long

AUD/JPY 4h Bearish Crab + Trend Lines

OANDA:AUDJPY   AUD/JPY
Here, we have a Bearish Crab on the 4h chart.

Valid measurements for a Crab pattern:
B: 0.382 - 0.618 ----> (0.586)
C: 0.386 - 0.886 ----> (0.859)
D: 2.24 - 3.618 ----> (3.049)
X to D: 1.618 ----> (1.618)

Also, we have a trend line running under C and D point.

The second trend line that is barely visible, shown just above D point, is part of a descending channel that has been running for the past year.

With these two trend line running into one another, along with the Bearish Crab harmonic pattern , we have confirmations on multiple time charts that price is about to reverse.

I am very excited to see how this trade will play out in the weeks to come.

InstaGram - @_c_schultheis
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