2018Oct29 USDJPY H1 Bearish Bat

USDJPY has been on a downtrend and completed a bearish bat. Price is also seen near a trendline resistance. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the leg AD. Trade details are as follows:

Trade Setup: Bearish Bat
Price Entry 112.525
SL 112.723 | SL pips 19.8
TP2 111.816 | TP2 pips 70.9
RRR2 3.58