Money Grows Network

Coming Soon

Facebook / Twitter / Instagram

Facebook
Twitter
Instagram

Copyright © Money Grows Network | Published By Gooyaabi Templates | Powered By Blogger
Design by WebSuccessAgency | Blogger Theme by NewBloggerThemes.com

Archive

Powered by Blogger.

Welcome To Money Grows Network

Tags

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, 2020

analytics5fb60e849e23e.jpg

EUR/JPY continued lower changing the corrective shape, we had been favoring into a deeper correction that likely will move closer to solid support near 122.37 before the next impulsive rally higher. Only a break above minor resistance at 123.26 will indicate an early completion of the correction and call for renewed upside pressure towards 124.44 and a break above here will confirm the impulsive rally is in motion.

Taking a step back, EUR/JPY can been correcting since mid-August and has more or less been moving sideways in a larger corrective pattern and if our count is correct, then we are in the early parts of a new larger impulsive rally, that should break above the former peak at 127.02.

R3: 123.95

R2: 123.57

R1: 123.26

Pivot: 123.13

S1: 122.82

S2: 122.64

S3: 122.37

Trading recommendation:

Our stop at 123.35 was hit for a nice 100 pips profit. We will re-buy EUR at 122.50 or upon a break above 123.26

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