Watch this quick educational video from an Elliott wave forex expert, Jim Martens
By Elliott Wave International
Last fall, the editor of Elliott Wave International's 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? It's a corrective pattern, meaning that it moves in the direction opposite the primary trend. And, it's very easy to spot on a chart. Here's an idealized diagram of a triangle.
We are finally seeing some life come back into the dollar/yen (usd/jpy) relationship.
I have to admit, I love trading Forex. It's one of the most exciting and most profitable markets in the world.
In today's short seven minute educational video, I explain step-by-step how to analyze the dollar and its relationship to the Yen. I will also show you exactly what I think is happening right now in this relationship. Watch the video and see specific target zones where I think this cross is headed in the next several months.
The video is educational and to the point. Watch it with our compliments. You do not have to register to watch the video.