NZDJPY bearish wedge

We can see NZDJPY forming a bearish wedge, with a resistance at this moment there is a good chance we will drop out this wedge.
I try to keep an eye on it and will short if the wedge support breaks.
Will update it later,
Give me some feedback and thanks for reading!

Note

I’m going in for a aggressive entry, will post entry SL and TP when at home

Note

This was my entry point (75.55)
R:R 1/2.72, so worth the risk.
If it drops and looks good, I'll consider just closing a part at the TP.

Note

First I was thinking it was a false breakout of the resistance, now checking again and came to the conclusion there could be a second bearish wedge better shown on the lower timeframe as below.
Still in a negative position but no stoploss.
The good thing is that this wedge is closing in faster and would have the same outcome as the big one this analysis started with: Down!
I'm not planning on closing this one manually, let the analysis do his work and ride with it.
Will be updating this as this is a great learning for now and later.

Trade closed: stop reached

This was a ride full learnings for me:
It is a good sign for me that the wedge was solid, the profit was even greater than I would have expected from this pattern.
What went wrong, clearly the stop. If i didn't put that tight stop this was a good profit instead of a loss.
This are things you always see afterwards, but we're remembering this for the next one.
Notice: The drop could also have happened not because of this wedge but because of the upcoming news of the quaterly employment change report released in New Zealand at 21:45 GMT

W4DL

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W4DL