EURJPY hit trend line really strong and if there won't be any strong signal upside we can expect break below line, little consolidation and then stronger move downside. Similar action is also expected here on GBPJPY https://www.tradingview.com/chart/GBPJPY/Ou3gql0o-GBPJPY-Bearish-Flag/ . I will keep these trades updated. Good luck
Bat patterns need: .382 or .500 XB leg (we have a .382) .382 or .886 AC leg (we're just shy of .886) 1.618 or 2.618 BD leg (we're just shy of 2.618) .886 XD leg This looks like a bat pattern to me. Since XA is a .382 retracement and we have a strong bearish trend, I think the .618 is a good TP1 and the 1.272 is a good TP2. Stops above X.
The Market did not show any pullback scenario for going back into the uptrend which got a break after Draghi speech before June. Because of this less potential for a pullback I assume the broken uptrend which led into a downtrend will get a sequel this or next week. Therefore pay attention to the red horizontal resistance areas.