RaynLim

EURJPY - Bearish Deep Crab HOP Level

Short
FX:EURJPY   Euro / Japanese Yen
A Bearish Deep Crab pattern has touched the D-Point completion at 132.45. Counter Trend traders can consider engaging in the trade.

Conservative traders can wait for
1) Further consolidation and make sure it didn't break and close above 132.77 for a shorting opportunity.

2) Wait for consolidation to happen at 133.60 for a shorting opportunity as a second chance entry for a shorting opportunity. That level coincides with the daily chart bearish bat pattern.

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