sleutha

Potential CRAB HARMONIC PATTERN on USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
181 0 4
Potential crab harmonic pattern .
I think the chart say it all, the C leg completes at a s/r line and we can see that the D leg will then complete in in a region where the market seemed to be undecisive. Potential trade would be to the first profit target will have a 1.82 r/r ration and for the second profit target it will house a 3.2 r/r ration.
All in all just watch out at the 119.341 price zone and if your trading rules are all ticked then it's your decision to either take the trade or not.
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