3 Possibilities For The Near Future.......

FX:USDJPY   U.S. Dollar / Japanese Yen
239 0 4
There are 3 possible harmonic patterns here: BAT, DEEP CRAB and a 1.13 Fail Wave.

BAT: I think is the most likely outcome given the 50% XA retracement to the B point. w/ a deep C point. A .786/.886 XA retracement for the D point would complete the BAT pattern and would be a good retest of the X point high

Deep Crab: 50% XA to the B; deep C point almost to the A point. would need to see a solid break of the X point to call this a Deep Crab . If this happens, I would expect prices to get to at least the 1.618 projection

1.13 Fail Wave: if prices do break the X point and reach the 1.13 only to turn back down AND close below the X point again, then this scenario looks likely. This would be a "break above/close below major structure" trade short and would expect prices to quickly fall to at least .886 projection of the XA leg.

In any case, I'm LONG now to catch the CD legs up in all 3 scenarios......

Just my own opinions....hope it helps!
SPECIAL Commodities $39.99/mo http://bit.ly/2AZWhx4
List of my ACTIVE Trades: http://bit.ly/2JkoaR3active
Sign up to mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.c
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out