Bullish and Bearish Triangular cycles completed for the EURUSD and USDCHF respectively.

 The EURUSD chart above shows the complete formation of a triangular cycle. (The triangular cycle is a new concept I had been working on) We can see that there had been a previous setup of it between Feb 12 and March 5th 2014 which delivered a measure of pips. We are also expecting that this setup would deliver pips. Price should aim to make a new high in the coming week and our last target is at about 1.4020.

USDCHF has also signaled to go short after it also completed a triangular cycle. The triangular cycle is usually kick started when market gives of a hidden divergence (A hidden divergence is a trend continuation setup). We are expecting lower prices in the new week.



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