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Short

Bearish crab. Usdjpy. T1 over 200 pips.

FX:USDJPY   U.S. Dollar / Japanese Yen
200 0 5
Very strong impulse leg on usdjpy             for last 2 weeks with bearish correction expected this week. This crab pattern is moving into a very tight convergence of fib numbers offering very good risk reward . The terminal price bar on this pattern will likely be very small with fib numbers so tight so one will have to be on alert to get a good entry as price is likely to respond sharply to such tight harmonic resistance. Target 1 is a bearish move of over 200 pips.
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