USDJPY potential Bat pattern short opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
It´s been a slow week for us here, with all these pairs trending very strong, but coming into NFP we are bound to see a little volatility , so we got a Bat formation on the USDJPY             to hopefully continue the bearish bias we have had on this pair for a while now.

Good weekend
Kind Regards
Thomas Jeff
Comment: Trade closed - Stop hit. - This trending markets are beginning to be a real time stealer with breaking even for soon to be 3 weeks now.
Must go up before down right:)
+1 Reply
TradZ TradZ
I guess down 1st today:)
With the NFP numbers we just had it looks like we are not going to get there, this setup is invalid pretty soon it we don´t get a retracement. But trading during this time is kinda artificial movements. Its the correction after the news volatility settle that predict the true price, we can only trade our edge and let it play out over the long run.
TradZ ThomasJeff_DCM
True! and I also believe low vol is due to Asian holidays taking place this week, no?
+1 Reply
Yes its holiday in most of Europe also, but before NFP everyone is holding their breath not taking any big positions that moves the market. Now the NFP numbers are unchanged, so i think the spike we see now across the Dollar pairs are going to correct back to point zero. There have been very directional moves across many pairs due to the Rate changes and the ever discussed Dollar value, so for me this month have been with very little trades as we are trading the 70% of the time when the markets are not trending.
TradZ ThomasJeff_DCM
Nice! Great analysis:)
+1 Reply
Thanks, we can not predict the market, nor control it. We can only exploid our profitable edge day in and day out to stay in the game. Have a good weekend
TradZ ThomasJeff_DCM
You as well and thank you for responding:)
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