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 20 - 2015

2015-08-20-EURJPY-4H.png

Technical summary:

We have seen a break above the minor resistance-line indicating that red wave iv did indeed end at 137.03 and a rally towards 139.41 now should be seen. Short-term support at 137.44 is expected to protect the downside for a break above resistance at 138.40 confirming that red wave v towards 139.41 is unfolding.

Only an unexpected break below 137.03 will invalidate the bullish outlook.

Trading recommendation:

We are long EUR from 137.45 and will our stop higher to 137.00. If you are not long EUR yet, then buy close to 137.50 an use the same stop at 137.00.

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