VIDEO Want a Sure Fire Forex Trade Setup Look for a Triangle ~ forex trading coach reviews
(Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle
Watch this quick educational video from an Elliott wave forex expert, Jim Martens
By Elliott Wave International
Last fall, the editor of Elliott Wave Internationals Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market.
What is a triangle? Its a corrective pattern, meaning that it moves in the direction opposite the primary trend. And, its very easy to spot on a chart. Heres an idealized diagram of a triangle.
When a triangle ends, the old trend should resume. This allowed Jim to make a very clear forecast for the dollar/yen. Watch this 7-minute video to see the triangle he observed, and the outcome.
Free 14-page eBook: Elliott Wave Internationals Senior Currency Strategist Jim Martens pulls from 25+ years of experience using Elliott wave analysis to show how you can put the power of the Wave Principle to work in your forex trading. Download your free 14-page eBook now >> |
This article was syndicated by Elliott Wave International and was originally published under the headline (Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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