MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Elliott wave analysis of EUR/JPY for November 19, 2015

2015-11-19-EURJPY-4H.png

Wave summary:

A failure to accelerate lower and a breakout above 131.73 taken place overnight did not meet our expectation of a decline in wave wave (iii). The decline from 141.06 in early June is clearly corrective as a nice symmetrical triangle was seen as wave b. Triangles will only be seen in wave 4 or as corrective B waves or X waves. This was a corrective decline, but how it should unfold and is still unclear. However, the failure to accelerate lower indicates that the corrective decline from 141.06 has come to an end and now we have to see how the rally from a low of 130.64 unfolds. A small five wave rally can indicate that the correction from 141.06 has ended.

Trading recommendation:

Our stop at 131.65 was hit for a small but nice profit. We will stand aside for now to observe the rally of the 130.64 low.

The material has been provided by InstaForex Company - www.instaforex.com