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UPDATE #1:USDJPY: Pre-NFP Analysis - NFP Move : Bearish Crab

FX:USDJPY   U.S. Dollar/Japanese Yen
304 0 7
Ok, So now I have to go back to what I posted last week and take a look at that. In that post (see Related Ideas: "USDJPY: Pre-NFP Analysis - How I'm Looking At NFP Move") I followed up on this POTENTIAL Bearish crab that I had posted earlier in the week (see Relate Ideas: "USDJPY: Wave 3 Has Begun.How To Catch It? POTENTIAL Bearish Crab")
USDJPY: Wave 3 Has Begun.How To Catch It? POTENTIAL Bearish Crab

Well, now that bearish crab may be coming into play. As of the time of this posting, it hasn't yet been filled but is only a few pips away from it. Should it be filled, I'll post a trade on it. Also, in my previous posts today, I also mentioned a POTENTIAL bullish cypher (yellow). I have had to readjust it's C point to where the crab would complete and it is still valid. I may need to readjust it again depending on where price end up. Just be aware of it for now.

The COMPLETED Bearish Cypher in another earlier post (see Related Ideas: "TRADE: USDJPY: Completed bearish cypher (+495 pips possbile)") is still valid and will remain so until it's A point gets taken out.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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