Deep Bearish Crab@1.618XA

This took some time to make a significant trend over the past 3 weeks, but so fortunately here we have a nice gain of strength of the US. Dollar against the Japanese Yen and that gained of strength it's creating a nice Harmonic Structure, the famous Deep Crab.

Here we have two significant points, the Harmonic Pattern and the Resistance Line quite above the SL zone.

Keep following that, it can give us some profits in the early future.

Rules:
1. Harmonic Pattern Completion (Deep Bearish Crab@1.618XA) - 68% Complete and Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign - Waiting;
6. Resistance Zone Test - Waiting but I believe it's not going to be tested due to the HP;
7. Risk Management - Applied;
8. Risk / Reward - 1/3.

" The Lord Is My Light And My Salvation Who Shall I Fear?"


Pips Hunters Forex