If you have been trading for some time, you would have known that USDJPY seldom has a significant retracement when it is in a trending state.
So, it is a worrying sign for trend traders to see this. But if you are a faithful Harmonic Pattern Trader, you will be overjoyed to see a Bullish Crab and Bullish Shark converge at the same level on the 1-hourly chart.
If you have been trading Harmonic Patterns for some time, you should be aware that Crab Pattern and Shark Pattern do consolidate a bit before the actual move and at times they offer a lower entry price.
If you aren't aware of that, look for a mentor to help you with this.
So, it is a worrying sign for trend traders to see this. But if you are a faithful Harmonic Pattern Trader, you will be overjoyed to see a Bullish Crab and Bullish Shark converge at the same level on the 1-hourly chart.
If you have been trading Harmonic Patterns for some time, you should be aware that Crab Pattern and Shark Pattern do consolidate a bit before the actual move and at times they offer a lower entry price.
If you aren't aware of that, look for a mentor to help you with this.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
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.