The pair begins forming a wedge? | 19 أغسطس 2015
19 أغسطس 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 .
.png "The pair begins forming a wedge?")
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
