Anbat

Bullish Crab pattern

Education
OANDA:AUDJPY   Australian Dollar / Japanese Yen
On AJ 1 hour chart, did you notice that the example bullish crab pattern ended on Friday? On the AJ 4 hour time frame (refer to another article done today by myself) it showed another harmonic bullish pattern- see two time frames show that this pair when they open up on Sunday/Monday will be bullish when it starts out trading. Just wait for an Engulfing, Harami and/or Pin bar candlestick set up on this 1 hour and/or 15 minute timeframe to do any buy trades with.

Different time frames give you another perception of candlesticks and shows you more probable's that you are trading in the right trend and with the current big banks, which you always need to be doing.

All harmonic patterns have a bearish and/or bullish one, which you can find on your charts, if you chose to trade them and make money off of them too.

Please do your own research of exact ranges of fib retracements and extensions which are needed for each individual harmonic patterns- Wish you best.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.