On March 20, Intraday Currencies Pro Services subscribers were tracking a developing setup in EUR/JPY:
Our analyst, Favio Poci, identified the end of a contracting Elliott wave triangle formed in wave (iv) and ending at 182.05.
Elliott Wave Principle describes triangles as reflecting a “balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility.” They most often appear just before the final move in the trend.
In this case, the trend was up — and the implication was clear: EUR/JPY should break higher in a post-triangle thrust.
What Happened Next?
The triangle resolved exactly as the structure suggested.
From that wave ((iv)) low at 182.05, EUR/JPY broke higher and advanced to 187.36 — a move of roughly +3% in just a few weeks.
Why This Matters
Triangles are one of the clearest ways to identify a breakout ready to happen. When you recognize that structure in real time, you’re not chasing the market — you’re ready to pounce.
That’s exactly what Intraday Currencies Pro Services is designed to help you do:
- Identify developing wave structures across forex markets
- Recognize compression patterns like triangles before they resolve
- Track setups with defined price levels and risk parameters
- Follow the structure as it evolves — intraday and daily
See What the Waves Are Signaling Now:
Follow developing forex setups — including triangles, impulses, and reversals — with Currencies Pro Services.
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Favio Poci Currency & Crypto Analyst and Trader’s Classroom Instructor
Favio Poci, CEWA, got his start in financial markets in 2014 as an intern in the currency reserve department at the Central Bank of Albania. He was later trained as an Institutional trader with the SMB Capital futures desk before becoming a Senior Retention Agent with a Swiss FX brokerage where he provided daily coverage on the G10 FX cross rates. He went on to found and manage a website focused on teaching the practical application of the Wave Principle. Favio is now the primary Currency Cross Rates analyst for EWI’s Pro Services.
