Fxprotrader
Short

USDJPY Bearish Deep Crab At Key Level

FX:USDJPY   U.S. Dollar/Japanese Yen
1291 24 47
My previous USDJPY             setup didn't work out well but we now have a much better opportunity for going short. Price Has reached the 0.886 fib level of the previous impulsive down move, where it has completed a bearish deep crab pattern. Stoploss should be placed above the swing point of the impulse.
Comment: Some patterns work well, some others don't.. But when they work, the work wonders, Just like this one.. If price breaks below the trendline we should have a big move to the down..!
Comment: Results exactly as expected...! Do harmonic work? Absolutely..! Just trade the ones completed at the right structure..! That's the key..!
Hi FxProTrader, there's even a more obvious Cypher pattern formed in H4 timeframe with PRZ potential at 112.466. Cheers
+1 Reply
Good
+1 Reply
I dont think that its a valid deep crab pattern. i believe that b point must close below 78.6% retracement of XA leg and atleast must get 61.8% retracement.

+1 Reply
Fxprotrader madi052893trading
No mate, B point must touch 0.886 fib level of XA wave.. And D point at 1.618 ext of XA.. I don't know if i can post a link from google here but you may google the ratios of a deep crab harmonic pattern.. No offense at all.. Thank you for your comment!
+1 Reply
A quick question a deep crab and a crab does differ or what?
Reply
Fxprotrader madi052893trading
Yes, what you mentioned on your comment is a crab pattern..!
+1 Reply
Same view, but I will short at round number 112.000
#1 VOLUME - HEDGE FUND INVESTING TRADE
+1 Reply
Fxprotrader FxcInvesting
Nice chart, good luck..!
+2 Reply
FxcInvesting Fxprotrader
Same too you !
+1 Reply
Great call on the Deep Crab pattern. Waiting for the trend line break. Good luck!
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Fxprotrader Carlos_LL
Thank you Carlos..!
+1 Reply
good work man!
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Fxprotrader newbie2016
Thank you mate..!
+1 Reply
Hi there, can I ask if any of your followers have sold USDJPY yet or are we waiting for one more candle?
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I cannot say my friend.. There are some guys that commented in this post that they are in.. I suppose some others are in too..
+1 Reply
sbeavis PRO Fxprotrader
How about you? Are you waiting?
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I have one position open from the crab completion.. I will trail this position and let it sink.. If i see structure change i am out, if i see a correction, i will add more..
+1 Reply
sbeavis PRO Fxprotrader
OK. Thanks for sharing
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Fxprotrader Fxprotrader
You are welcome..!
+1 Reply
Goood one
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Thank you Hiisham..
+1 Reply
Brilliant, as usual!
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!!!))
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Beautiful
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