Zeheart
Long

Potential Bearish Crab Pattern

FX:GBPJPY   British Pound/Japanese Yen
790 4 1
On the Weekly Chart, seems like the Price still in strong up trending... The circle Pin Bar may give sign to further upward move. By looking at Harmonic Pattern , I have determine Potential Reversal Zone which i highlighted in Yellow Box..

The idea looking at the Harmonic is to Long now to hit to the target Reversal Zone an Short once the pattern complete. Short will only take place when the pattern deem to be valid.

By Looking at Daily Chart at the same time.. it does still showing strong up move.. let's wait and see how this things turns out next week. =)

Cheers!
Zeheart
3 years ago
snapshot


Update base on the original Analysis.. I switch it to Daily Chart, Which currently I tend to found an Inside Bar Formation.. Waiting for clear signal to break thru, either to the upside or downside... Apart from that I measure the retracement using fibo and found that current price was being hold up by 61.8%, more surprisingly, I have a Support level line which was also quite in sync with the fib support... It will be interesting to see where the price will move..
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Zeheart
3 years ago
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