WaveSavvyTrades

Rising Wedge + Head & Shoulder + 0.5 fib Resistance

Singkat
OANDA:EURJPY   Euro / Yen Jepun
Awesome opportunity on this symbol. After the sharp decline following BoJ announcement of increasing yield range to +25, this symbol has been gradually retracing. The current structure shows a rising wedge with a broken support. Inside the rising wedge shows a head and shoulder pattern and price has currently retraced back to the 0.5 fib of the right shoulder which is also in confluence with the broken support of the rising wedge and the neckline of the head and shoulder. if these broken supports turn resistance, price could fall to 135-136 zone to complete the head and shoulder formation as well as the five wave formation starting from the head of the head and shoulder

Penafian

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