shorting idea for eurjpy

2018年8月23日

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.

2018年8月23日

注释

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.