mjchase

Bullish deep crab USDJPY Daily.

FX:USDJPY   Dollar Américain / Yen japonais
Using the daily timeframe we can more clearly see the bullish deep crab in action.

The key measurements as shown are:

161.8% XA measurement for entry and 200% XA measurement for the stop.

Other measurements which we can see are a 224% BC projection which lines up extremely well with the 161.8% XA entry point.

We can also see close to the entry point a 161.8% AB=CD measurement.

To confirm entry we would like to see all these 3 measurements broken in a single bullish push.

Furthermore, once a narrative of the market is established on a larger timeframe we can move to lower timeframes to build a risk free position.
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