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 January 4, 2019

analytics5c2ef370290f0.png

There was no time for a correction towards 120.05. EUR/JPY just went straight higher towards minor resistance at 123.54 and important resistance seen at 125.80. A break above 123.54 will be the first good indication that a long-term low has been seen, while a break above the later, will confirm a long-term bottom has been seen and wave [C] to above 170.00 is developing.

Short-term support is now seen at 122.93 and then near 122.35.

R3: 124.38

R2: 123.86

R1: 123.54

Pivot: 122.93

S1: 122.54

S2: 122.35

S3: 121.92

Trading recommendation:

Our stop+revers at 122.50 was hit, which means we book a 372 pips profit and is now long EUR from 122.50. We have placed our stop at break-even at 122.50.

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