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Aug 30, 2017 3:31 AM

USDJPY - Potential bearish crab pattern Short

U.S. Dollar/Japanese YenFXCM

Description

A bearish crab pattern indicates a potential short entry up at 110.08

The 1.618 XA is almost right on top of the 2.618 BC projection

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Comment

As with the butterfly pattern my profit targets for a crab are found at the 0.618 and 1.272 of the CD leg (in this case, 108.996 and 107.755, respectively). Lovely targets on this one, good luck all!

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