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 & ...
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 ...
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 ...
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 ...