#USDJPY #1H

Jul 31, 2017

just my thoughts.. Waiting to see if price completes deep crab pattern, we have the 2nd extension Target from the bat pattern near the D point of the deep crab as well as a Daily support trend line & a support/structure. Stoch is oversold on 1h & 4h might see some divergence & hopefully see rejection candles around D point of deep crab.

Aug 1, 2017

Note

trendline

Aug 1, 2017

Note

trend line broken for fake out of trend line, i didn't put a fibs but if you did price wicked to the 61.8 & dropped with a nice bearish candle & prices also having a hard time breaking below 1st bat extension target.