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 October 21, 2015

2015-10-21-EURJPY-4H.png

Wave summary:

The pair moved slightly higher, but it is still locked firmly within the possible triangle borders. We still watch for a downside thrust, which means that resistance near 136.55 will turn prices to break below minor support at 133.11 that would confirm the thrust of the triangle.

A break above resistance at 137.44 will indicate an upside thrust out of the triangle or even larger triangle formation, leaving us with much more time of sideways movements.

Trading recommendation:

We sold EUR at 135.95 and placed out stop at 136.80. If you are not short EUR yet, then sell EUR near 136.55 or upon a break below 135.80 (one order done cancels the other) and use the same stop at 136.80.

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