MitjaZunko

update USDJPY CRAB formation from yesterday

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
it looks like the formation is complete like it should be. The D leg is right at 3.61 extension of BC move and 1.61 extension of X to A move.
On one our chart the double bottom formation has been formed also, that give us confirmation that strong trend might be over ...

happy trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.