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 November 18 - 2019

analytics5dd23150a3c3c.png

EUR/JPY dipped to a low of 119.33 from where it moved higher with the clear break above minor resistance at 119.80. The break above resistance at 120.25 will confirm that red wave ii has been completed and a rally to 123.58 is developing.

In the short-term, we are looking for a test of the resistance level at 120.67 and then a minor correction to 120.05 before the next strong rally towards 123.58.

R3: 121.13

R2: 120.85

R1: 120.67

Pivot: 120.30

S1: 120.12

S2: 120.05

S3: 119.82

Trading recommendation:

We are long EUR from 117.25 and we will move our stop higher to 119.30. If you are not long EUR yet, then buy near 120.05 and use the same stop at 119.30

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