Short opportunity: USD/JPY Bat into Crab on 1h chart
An almost perfect crab (0.659 instead of 0.618 on B leg retracement for the crab pattern) after an almost perfect bat (0.858 thereabouts instead of 0.886) on the 1h USD/JPY chart.
Look to short with S/L above D leg of crab, with conservative T/P at 0.618 of crab XA level (117.033). More aggressive positions to possibly scale out from include bottom of crab C leg (116.717), bottom of crab A leg (116.480), bottom of bat C leg (116.198), and bottom of bat A leg (115.973).
These are just levels I would trade at and should not be taken as guaranteed profit opportunities.
Look to short with S/L above D leg of crab, with conservative T/P at 0.618 of crab XA level (117.033). More aggressive positions to possibly scale out from include bottom of crab C leg (116.717), bottom of crab A leg (116.480), bottom of bat C leg (116.198), and bottom of bat A leg (115.973).
These are just levels I would trade at and should not be taken as guaranteed profit opportunities.
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