EUR/JPY: WEDGE in H1 Chart.
In the last hours I found this interesting Wedge Pattern, that ended with a shy bearish explosion by the Price Action.
Generally, there's only one target price for Wedge Patterns: it coincides with the amplitude of the pattern in the starting part (the largest part = Purple Line) (Target 2).
My Strategy consist in searching Support & Resistance Areas, so I found one (Target 1)!
Let's wait... BTW, Sell Position already opened.
Bye, Edoardo Enrico.
Generally, there's only one target price for Wedge Patterns: it coincides with the amplitude of the pattern in the starting part (the largest part = Purple Line) (Target 2).
My Strategy consist in searching Support & Resistance Areas, so I found one (Target 1)!
Let's wait... BTW, Sell Position already opened.
Bye, Edoardo Enrico.
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