Bat filled, but too quickly?

1 thg 11, 2014

As you know, I don't make hard entries when pattern trading. Plus, this pair and the Gbp/Jpy put lots of pips on the board in one day. I'll wait for a reversal signal and even look to a Alternate Bat fill at the 1.13. I'm not going to put up the chart but the Gbp/Jpy did amost the same thing to fill its Bat Pattern. Are the Eur/Jpy and Gbp/Jpy just catching their breath for further strength or will the sellers take over. The Yen monetary policy is the Mud in this Puddle. Be careful out there.