Iridium
Long

USD/JPY REVERSAL

FX:USDJPY   U.S. Dollar/Japanese Yen
223 2 3
USD/JPY             REVERSAL AFTER 8:30 DURABLE GOODS ORDERS NUMBER SEEMS TO BE MAKING A BOTTOM. PRICES ARE RESISTING TO BREAK THROUGH THE PREVIOUS INVERTED HEAD AND SHOULDERS NECKLINE AND HAVE FORMED A MORNING STAR REVERSAL CANDLE STICK PATTERN ON THE LOWER 21 DAY BOLLINGER BAND LINE.
FXGomes
2 years ago
The crab pattern would be helpful a bit earlier :-)
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Iridium FXGomes
2 years ago
Trading harmonic patterns are hard to trade I look at all there form being corrective meaning 3 wave correctional structures under Elliott wave analysis. Crabs and butterfly's are most commonly expended flats and I don't try to time the reversals I wait to the reversal unfolds and then take the other side of the trade. As in this example
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