Kylan_Laymance
Long

Deep Crab Pattern, Aud/Jpy, 1 hr

FX:AUDJPY   Australian Dollar/Japanese Yen
So the deal here is DO NOT TRADE THIS WITH ME. I have never traded a deep crab pattern , therefore i don't know how it is going to work and i have no basis to share with you, but this is a learning experience for all of us.

I have placed my entry at some structure down near point D , it seems like pretty secure resistance, so i decided to mark that (in green) as our reversal point.

As for my stop, i have placed it at some structure I found kind of far back in the charts , last week or even further back , but it has a few structure tops and bottoms down near it, so i'm going to give those a try. That structure is under point D.

Finally my limit is placed where all my other harmonic trades are being placed this week, that is at the .618 extension of the BC             leg.

Stick around to see how this trade plays out for me, because I am headed home for the night. Thanks for checking us out and thanks for liking the idea if you choose to;) . And thanks for commenting if you disagree , if you agree , or even if you just want to say Jesus is coming romans 10:9, like CKSmiller did all day today in the chat room.

Thanks for tuning in guys ! and as always Good Trading Everyone!
jamersonhayes
a year ago
Good post Kylan, I'll be watching to see how your predictions go
Reply
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