This is the bearish crab overview on EURJPY before the week ends. The price has reached 161.8 XA projection at 127.76 while 5.618 BC is at 127.93. In this price zone (the yellowed rectangle), I'm anticipating a powerful reversal for this pair but as long as Yen is still weakening, there is no guarantee that the price will reverse there. Technically, crab is one of harmonic pattern that has the most accurate PRZ (Potential Reversal Zone) and requires small stop loss. The range for the PRZ is about 20 pips only. It's a good number of Risk/Reward to find an entry in this zone. *P/S* VT Trader 2.0 works like a Pro!
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