MitjaZunko
Long

update USDJPY CRAB formation from yesterday

FX:USDJPY   U.S. Dollar/Japanese Yen
53 0 5
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.
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