Get started
alexandru.andronache21

Bearish Crab Pattern(possible)

Short
Japanese Yen Currency Index (TVC:JXY)  
alexandru.andronache21  
TVC:JXY   Japanese Yen Currency Index
jpyshort jpy harmionics Crab SELL short shortsetup
5
0
jpyshort jpy harmionics crabpattern sell short shortsetup
From a technical standpoint this pattern can be considered a bearish crab but not a perfect one. Specifically the B point is not a precise 61.8 retracement.
From a fundamental standpoint there is a "risk on" attitude with eur(french elections) and aud(CPI - Friday) and so the JPY is being sold.

Can you infer or confirm my assumptions?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.