My previous USDJPY setup didn't work out well but we now have a much better opportunity for going short. Price Has reached the 0.886 fib level of the previous impulsive down move, where it has completed a bearish deep crab pattern. Stoploss should be placed above the swing point of the impulse.
Note
Some patterns work well, some others don't.. But when they work, the work wonders, Just like this one.. If price breaks below the trendline we should have a big move to the down..!
Note
Results exactly as expected...! Do harmonic work? Absolutely..! Just trade the ones completed at the right structure..! That's the key..!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.