The first formation we will need to assess in real-time upon completion is the , we need to determine if the reversal will take place @ 1.17800 or 1.18415.
I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries.
As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY .
You guys know how it goes... Like, comment and share ;) have a good week!
Paying attention to the smaller structures to determine a reversal at this level, otherwise my main focus will be the deep crab pattern on the 1h chart for a reversal @ 1.18415.
Pay attention to the 15m chart for entries at a higher price if not already in the trade.
R:R is not favourable at this level, we need to be patient.
Good to see we're looking at the same area to short though!