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 December 7, 2015

2015-12-07-EURJPY-8H.png

Wave summary:

A breakout above 133.22 invalidated the bearish count and told us that a decline from 141.04 to 129.62 was a leading diagonal as wave (i) and a correction in wave (ii) towards 136.69 now should be expected before the next impulsive decline in wave (iii).

The corrective rally in wave (ii) has met the leading diagonal resistance-line near 134.59 and could enter a period of consolidation before the final move closer to 136.69 to end wave(ii). This target has been met and new impulsive decline is expected.

Trading recommendation:

We will buy EUR here at 133.95 and place our stop at 133.50 and place take profit at 136.50.

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