lewglasgow
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.

snapshot

Want to learn more? Check out my Instagram for additional trading content: @lewglasgow
FREE forex trading video series for beginners: https://www.sixfigurecapital.com/video-series

Lewis Glasgow, Creator of Six Figure Capital.

Related Ideas

Technical15
9 months ago
Yen pairs are amazing to trade. Keep em coming!
Reply
lewglasgow PRO Technical15
9 months ago
All of my favourite pairs to trade, you know I will!
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