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The pair begins forming a wedge?

19 August 2015, EUR/USD

After a seemingly confident beginning of growth, bulls failed to develop their success.

The price began to slowly slide down.

Perhaps this behavior is caused by the formation of the initial diagonal triangle - in simple words, wedge, as the wave [i] of (iii).

If this assumption is true, in the near future we expect the movement, which will be similar to the movement on the below chart .

The trade opened by me was closed by stop loss and was found to be breakeven .

The pair begins forming a wedge?

Vasiliy Lukin
FreshForex Analyst
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