PipTips

We Might Catch a Crab!

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FX:USDJPY   USA-dollar/Japansk yen
FISHING FOR CRABS!

Hello traders, this is one of my weekly pre-market ideas, a bearish crab reversal pattern possibly developing awaiting the completion of the D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the pattern. This is shared for educational purposes, not a trade signal. Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don't gamble.

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