LewisGlasgow
Short

CAD/JPY - Bearish Crab

FX:CADJPY   Canadian Dollar / Japanese Yen
Today we are looking at CAD/JPY             on a Daily chart with a potential bearish crab , I'm loving the look of this setup already.

The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618

As you can see from previous price movement our pair has been pushing lower since July 2015 creating a trendline , I would like to see price spike up to hit our trendline and D point completing the bearish crab pattern at 92.000 then stall out before making a move lower.


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Yen pairs are amazing to trade. Keep em coming!
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LewisGlasgow Technical15
All of my favourite pairs to trade, you know I will!
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