KVE
Short

USD/JPY: possible alternative patterns to go short

FX:USDJPY   U.S. Dollar/Japanese Yen
93 0 6
I'm short off the butterfly (pink) but we could also draw a cypher (green) or a bat (blue).

As far as my (still limited, don't take my word on it!!) knowledge of EW analysis goes I believe we could have finished minor wave 3 of intermediate A when the butterfly completed (if I take the end of intermediate wave 5 to be at the bat A point).
Wave 2 was sharp so 4 has more chance to be flat and/or complex.

Waiting to see if minor wave 4 ends at a channel/fib crossing to possibly predict the end of minor wave 5 of intermediate A. This should also give more clues as to where SL should be to trade the bat...
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