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UnknownUnicorn3974120
Nov 10, 2019 11:32 PM

USDJPY Pure AB=CD Short

OANDA:USDJPY1D
USD/JPYOANDA

Description

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Price is currently following an ascending wedge.

The price is almost at the peak of the wedge.

Price has stalled at the 61.8 level from the last major swing.

I expect at least a short sell into the the wedge or, for more security, wait for price to break out of the wedge and use a smaller time frame for entry to reduce the risk.

Comment

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price is still at the structural resistance area.
AB=CDHarmonic PatternssixoneeightstructureresitanceWedgeDivergence
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