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
Download your FREE copy of the 7 Proven Steps to Becoming a Successful Forex Trader right here:
https://www.sixfigurecapital.com/4.html

Christopher D. Schultheis,
Six Figure Capital
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out