Friday, December 11, 2009

EUR/USD Triangle Getting Ready to Break!


Here is a 15 minute chart of the EUR/USD pair. I am expect a downside break very soon. The orange line shows basic wedge theory Technical Analysis where the distance at the opening of the wedge is taken and drawn from the breakout point of the triangle. Price is likely to reach that target. This will also true if my count is incorrect and the triangle breaks to the upside.

No comments:

Post a Comment