USDJPY Bat Pattern

12 Mar 2018

Just like the idea i posted on GBPJPY, the smaller pattern was profitable today and we had to take in some drawdown, but price action seems like it wants another try at the macro trend reversal - I do not think this will succeed, as I am fundamentally bullish on the Yen. I think we get a good opportunity at this bat completion for a short - I am frontrunning my orders by 5 pips or so to make sure I get filled. The risk profile is for visual purposes, I will manage the trade based on price action.