2018Nov07 EURJPY H4 Bearish Bat

EURJPY has been on a recent uptrend and completed a bearish bat. There is also an RSI bearish divergence on H4 timeframe. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Trade details are as follows:

Trade Setup: Bearish Bat
Price Entry 129.795
SL 130.252 | SL pips 45.7
TP2 127.581 | TP2 pips 221.4
RRR2 4.84