EURJPY Bearish Wedge

27 feb 2019

Looks like EURJPY is making a bearish wedge here. Only thing which makes me doubt a bit is that inverse H&S at the start of the wedge. So i am going to be a bit careful here. Normally a wedge is a wedge, but in this case i want to see some confirmation first or get an even better entry. So i will get in at one of those 2 yellow circles. A break of that small channel on the right, will probably show which of the blue line we will see play out.



Previous analysis:

Previous analysis: Reading a long term chart.

27 feb 2019

Nota

Broke that channel, broke the wedge but now seeing a counter move. I think it's just a short squeeze, but will be watching if it follows that red line or not.

Because of moves like these, i chose to wait for that yellow circle to get in. Which didn't happen here