Triangle On EURJPY Indicates Lower Levels To Follow

Discussion in 'Technical Analysis' started by Kaitlin, Sep 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    On 4h chart of EURJPY we can count five subwaves between the contracting lines that makes wave B look like a triangle. If that's the case then bearish continuation is near, for an impulsive drop down into wave C. A break and daily close beneath 113.92 will put bearish price[​IMG]

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