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..!
Brilliant, as usual!
Goood one
Thank you Hiisham..
+1 Reply
Hi there, can I ask if any of your followers have sold USDJPY yet or are we waiting for one more candle?
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 Fxprotrader
How about you? Are you waiting?
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 Fxprotrader
OK. Thanks for sharing
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