After a great sell setup offered by a deep crab harmonic pattern (see the link below), here in USDJPY we have another great opportunity to go short. Price clearly is in a correction, moving in a expanding triangle, preparing for another impulse to the down. We may enter the trade at 0.618 fib level, but a for a much safer setup we should wait for this correction to end and then sell the market..
Kommentera:
Although moving in sideways, price dropped and moved in our favour. I am personally out of this now, as price may move in both directions
