Log in

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 Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.