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 December 28, 2016

analytics5863577143407.png

Wave summary:

The failure to break below support at 122.01 and the following break above resistance at 122.78 shifted the count in favor of the running triangle. This triangle consolidation is now complete and wave (v) higher toward 126.54 is now unfolding.

Short-term support is seen at 122.99 and then at 122.63, but we doubt that the later will be tested before the next rally higher to 124.09 and then to 126.54.

Trading recommendation: Our stop+revers at 122.85 was hit and we are now long EUR from 122.85. Stop will be placed at 122.10 and take profit+revers will be placed at 126.25.

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