Horizontal triangle looks finished we are waiting for sells activation.

14 March 2016, USD/JPY

Hour- chart USD/JPY is identic to 4 hour-chart so I haven’t described the inside structure of this waves the bearish situation is remained.

There I want to specify that moment.

Supposedly, it is development of horizontal triangle which has already formed.

Horizontal triangle formed as last but one of trend movement impulse of fourth wave or correction wave b, x,xx.

So the model is a horizontal triangle and we can make profit on sells because we are expecting development of final wave [v], and then on buys.

Now it is opened two deals on sell we are waiting for further price movement.

 Horizontal triangle looks finished we are waiting for sells activation

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call