Connect two closed prices to draw a trend line with 4-5 candle stick chart bars in the between confirm the wedge to the downside, In this case I drew from a bullish to a bearish one but it's just my idea of how strong the traction the trend is getting.
Target Price written on the Chart :)
Enjoy :)
I might be wrong but I think I am right on this one. Can't...
More of a complete picture of my prediction, however suddenly bulls have taken over. Hoping it doesn't consolidate.
Max Target Price on the Chart included :)
Everything I learnt in CMT level 1 point towards to the fact that this is a clear sign of GBP/JPY short till at least till the intersection point. Triple Top to Wedge vs Bullish engulfing pattern is interesting as well. Hope my study was practical.
