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 17 - 2015

2015-08-17-EURJPY-4H.png

Technical summary:

We are likely to watch four corrections in a small wave (we call it red wave iv). This small red wave iv should hold above support at 137.35 for a move higher to 139.12 and in the longer term even higher towards 142.05 and 144.03.

Only an unexpected break below the top of red wave i at 136.49 will invalidate this count and indicate that a much more complex correction from 141.06 is unfolding.

Trading recommendation:

Our stop at 138.00 was taken out for a small loss. We will buy EUR again at 137.45 with stop placed at 136.45.

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