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.
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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