FX:USDJPY   U.S. Dollar / Japanese Yen
This market has been hovering around 104 level after huge upsurge last week. It has now consolidated into a tight triangle at this key level. Question is where will this break out to? Upside or downside?
question is how much will b the retracement before enter long, could it b at 103.500 or 103.000, market will tell
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solid chart…
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Casey_Yeo MinervaFX
Nice. I don't know about crab pattern but the potential completion of D point is at the area I'm very interested in getting long.
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MinervaFX Casey_Yeo
There's a chance it will re-test your support zone and shoot up. This way you know where to put stops when the pattern completes once it's at 103.
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On 1hr chart there could be a crab pattern formation. I'm just waiting for the C-D leg to be completed and go long. So I expect it to go lower for a while. But I also might be wrong as I don't own a crystal ball :D
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