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 September 16, 2020

analytics5f61a95f3d143.jpg

EUR/JPY has seen a deep correction in wave ii. Ideally, this wave ii correction has completed with the test of 124.58 which was a bit below the low of our ideal target-area between 125.18 and 124.80. A break above minor resistance at 125.08 will confirm the completion of wave ii and the onset of wave iii that ultimately should break above the peak of a wave i at 126.43 for a continuation higher towards 129.24 and above.

The fact that wave ii has moved close to the starting point of a wave i at 124.38 offers a low-risk buying opportunity as the stop can be placed just below 124.38, while the possible return could be many times larger.

R3: 125.60

R2: 125.21

R1: 125.08

Pivot: 124.80

S1: 124.58

S2: 124.38 - Key support, must not be broken under this bullish count

S3: 124.28

Trading recommendation:

We are long EUR from 124.41 with our stop placed at 124.35

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