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Rising Wedge Formation NZD/JPY - 4HR Entry - Bearish Reversal

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New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
FXEntries  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis NZDJPY Rising Wedge Trend Line Break resitance Bearish Patterns bearishreversal
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trendanalysis chartpattern beyondta nzdjpy risingwedge trendlinebreak resitance bearish bearishreversal
I have been doing some technical analysis on NZD/JPY pair and as you can see a clear rising wedge formation is occuring. The blue lines are weekly trend and resistance areas. The Red line is the Daily Trend line and the entry would be taken on the 4hr. Wait for key price action we need to see a clear break of the trend line with an engulfing bearish candle so be patient. I will keep everyone posted about this.
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