Bp_Tradezz

possible future movements

FX:EURJPY   Euro / Japanese Yen
possible sell as price comes to resistance level marked.. as price has broken the upward trending line I would assume price will begin a down trend.. and has started to in the falling wedge pattern being created.. hopefully we will see a drop from here. In addition to this an ABCD pattern also appears to be forming and the levels at which price may fall from conicide with the wedge pattern i have drawn out. If this is the case should hope to see a rejection of the 0.705 fib area (which appears to be in motion now) up until the bottom of the wedge pattern which is also the 1.272 fib level where we should hope to see a rejction and some bullish movement. price may continue to move within the wedge but there is also a chance we will see a breakout of the wedge that respects the conditions of a successfull abcd movment. I hope this makes sense haha - i am not the best at articulating my thoughts very well but I hope the chart itself gives you all the information you need. hopefully this goes to plan though :) let me know what you think! Comments ans/or suggestions highly appreciate :)
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