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 August 10 - 2015

2015-08-10-EURJPY-4H.png

Technical summary:

The triangle consolidation as well as renewed downside pressure for a thrust out of the triangle and a decline to 130.00 should be close to termination.

The first sign that a downside thrust is taking place is a break below minor support at 135.53 that is also confirmed by a break below support at 134.95 for a decline to 130.00. Resistance is found at 137.35. It should protect the upside from a break below minor support at 135.53.

Trading recommendation:

We sold EUR at 135.75 with a stop placed at 137.45. If you are not short EUR yet, sell near 136.60 with the same stop at 137.45.

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