shorting idea for eurjpy
EURJPY is giving us a nice rising wedge pattern together with some regular divergence near a area of resistance.
what i am currently waiting for is for price to break the lower trendline to confirm the pattern , id also like to see the MACD give us the signal to sell before i jump in.
what i am currently waiting for is for price to break the lower trendline to confirm the pattern , id also like to see the MACD give us the signal to sell before i jump in.
Uwaga
okay so the rising wedge failed and the MACD divergence also failed!BUT , after analysing again i saw this gartley pattern forming with its D point @ the 61.8 fib level. so this is telling me this pair still has a chance of going down. What i am currently looking for is like candlestick patterns to tell me this is going down.
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