Nice identification of a BAT Pattern on EURJPY and there may be bearish bias as you have identified. The resistance that we have identified is at 129.35, which falls below your point D. It is a horizontal swing high resistance with 100% Fibonacci extension x3, 76.4% Fibonacci retracement. Stochastic reversed off its resistance at 94% where a corresponding drop could occur. If a corresponding drop does occur, we may want to look at the 128.50 support level, which lies just below the lower limit of your take profit zone. It is a horizontal overlap support with 50% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.