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CajunXChange
Nov 24, 2015 10:15 AM

#usdjpy Deep crab Short

U.S. DOLLAR / JAPANESE YENICE

Description

122.75 FINALLY broke. Now Im looking at 121.55 for the crab and 382 retracement
Comments
KayJay
Good idea only one confusion why haven't you taken the 16:00 15/11/2015 candle instead of 00:00 16/11/2015 bcoz last low is 122.193 ?
CajunXChange
bc of the gap down on earlier time frames and yesterday's daily candle. This isn't a tight formation for a bat imho. I hope that helps. Not saying Im right but the crab has tight structure
KayJay
make sense, thx
CajunXChange
tights formation for a butterfly. sorry
CajunXChange
no problem. thanks for interacting.
The corrections are sharp. I wouldn't be surprised at another shot at 124 but its starting to coil from august swing high low.
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