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 LINE.
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