Trendhopper
Long

USDJPY - CRAB OR BAT???

FX:USDJPY   U.S. Dollar/Japanese Yen
76 0 2
2 months ago
Whats the difference between a crab and a bat pattern ? ...they have the same measurements...I see a bullish crab developing , others see a bullish bat...for me its all in the structure, a crab is a wider pattern, i can see its eyes looking at me ...hahahaha....I will buy at point D ..but this is counter trend so my TP will be previous resistance at 100.00 area...this will be where I short as USDJPY             should head towards next fib ratio .618 on longer timeframe which is 94.00 area....
2 months ago
Comment:
snapshot


If this pattern does not get completed then the other trade is to short on blue down trendline which has been established for a few months so is strong resistance...this could be a more likely scenario
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