USD/JPY - Bullish Deep Crab
Hello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ pip return!
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618
X to D: 1.618
I'll be expecting price to stall out once it reaches the D point, this forms on a key level of support!
Keep this setup on your watch list going into a new week.
Connect with me on social media for more trading inspiration :)
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618
X to D: 1.618
I'll be expecting price to stall out once it reaches the D point, this forms on a key level of support!
Keep this setup on your watch list going into a new week.
Connect with me on social media for more trading inspiration :)
Note
Price re-tested resistance at B followed by a drop in price, expecting the D leg to complete over the next 48 hours.Note
We're currently 80 pips off the PRZ, paying close attention to this pair.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.