UPDATE #1:USDJPY: POTENTIAL Bull Crab 4HR + 2 Bearish Patterns

In my last post on this pair (see Related Ideas section), I talked about a POTENTIAL bullish crab on the 4HR TF and I also mentioned about possible trade entry to take advantage of the move down the CD leg of this pattern to the D point completion. Well, prices did not EXACTLY follow the path that I thought it might and have started to retrace back towards the B point of the bat where I pointed out would be a good entry point for a SHORT trade.

Here we have 2 more POTENTIAL bearish patterns that can be used as entry points for the SHORT trade: a bearish bat and a bearish cypher. Both would be trend continuation patterns as well.

As of this posting time, the bearish bat is very near to being completed with prices only pips away from its' D point. But not far from the bat's D point overhead lies a bearish cypher pattern's D point completion. Completion of the cypher would invalidate the bat. But for the purposes of entering a SHORT trade for the possible down trend towards the crab's D point, either one would present a good entry.

SUMMARY
I present both of these patterns as triggers for the crab's CD leg SHORT trade and that is what I'm using these for. Not for a quick 15M trade. Although you could do that as well. I would prefer the cypher completion and not the bat because as you see, the cypher also completes near a minor SR structure as well as near the .618 retrace of the current down trend. However, because the bat completes before the B point which is itself a minor structure level and the 50% retrace, I will enter SHORT there instead of the cypher since the cypher isn't that much farther away. But you can decide based on your own risk tolerance and trading plan.