Horizontal triangle is completed, decline is expected
28 September 2015, USD/JPY
Horizontal triangle is completed, decline is expected.
We assume that the horizontal triangle, formed as the wave [iv], has been finally formed.
We are only confused with the fact that the wave e went beyond the generating wave, but it can be treated as a false breakdown and in this case we expect a good move in the opposite direction.
So the pair is ready for resumption of the downward impulse decline, at which point you can take a definite advantage.
Vasiliy LukinAnalyst of «FreshForex» company
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