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*

Simplified wave analysis. Review of EUR / USD for the week of October 1

Wave pattern graphics H4:

The main trend of the euro this year looks at the "south" of the chart. A large-scale support zone has been reached.

Wave pattern graphics H1:

Since mid-August, an ascending wave structure is being formed. The wave level of motion allows you to wait for the continuation of the wave at a higher level.

analytics5bb1be16e909e.jpg

Wave pattern graphics M15:

From September 21, a downward wave develops. On a larger scale chart, it completes a corrective zigzag.

analytics5bb1be26583e8.jpg

Recommended trading strategy:

The short-term sales in small lots can be used for intraday trading. For longer transactions, you need to wait for the current wave to complete and look for signals to buy the pair.

Resistance zones:

- 1.1720 / 1.1770

Support zones:

- 1.1470 / 1.1420

Explanations for the figures: The simplified wave analysis uses waves consisting of 3 parts (A – B – C). For the analysis, 3 main TFs are used, on each, the last, incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal.

The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure, the dotted - the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!

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