Jun 9, 2011

AUDJPY Bullish Crab

AUDJPY is forming a bullish crab pattern on 15M chart.I hope i can get a perfect crab on this pair.


-B point @0.618XA retracement
-C point @0.618AB retracement

PRZ zone is define by 1.618AB=CD @84.70 ,1.618XA @84.00 and 3.14BC @84.20. The most important PRZ level in perfect crab to be valid is 1.618XA and 3.14BC.This both line converge by 20pip range.
I will be looking long on this pair on price action test the 1.618XA @84.00

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