I will only watch how this unfolds as 'when in doubt just stay out' rule applies here.
I am doubtful about how I have drawn the trend line.
But if my trend line is acceptable then a sell limit order of X2A Fib Retracement of .886 @ 2.08646 of this BAT comes near the trend line which may act as resistance again & it may reverse.
Similarly if my trend line is...
On 4 hour chart the cypher pattern is forming which has D near the trend line (in Black).
If the price comes down steeply then order @ .786 can be filled with respecting the trend line.
If price falls sidewise then entry @ .786 may fall below the trend line and may suggest downward move with price not respecting trendline.
X2C Fib Retracement of .786 @...
X2A Fib Retracement of .886 @ 1.54451
B2C Fib Retracement of 1.618 @ 1.54474
Using B2C fib R of 1.618 for entry in this case
Remember to update your A2D Fib Retracement ''Take Profit '' targets of .382 & .618 with changes in the point D.
Also take into account the spread of the specific pair when setting Take Profit targets.Or else you might miss the Take Profit...
X2C Fib Retracement of .786 @ 99.277
B2A Fib Retracement of 1.272 @ 99.287
eNTRY @ B2A fR of 1.414 @ 99.348 GIVES a better Risk to Reward Ratio but in choosing so ONE may miss the trade.
Will just watch this one as i cant find any clues looking to the left of the chart, or any trend line or any other factors to make a case for entry.