empty
 
 
22.08.2016 07:31 AM
Elliott wave analysis of EUR/JPY for August 22 - 2016

This image is no longer relevant

Wave summary:

Nothing new to add here.

We remain cautiously bullish for a break above 114.03 confirming our bullish count, that a long term corrective bottom was found at 109.48 and a new impulsive rally is building for much more upside. That said, we do acknowledged the possibility of a deeper corrective move closer to 110.80 but not below here. It is not our preferred outlook, but at this point we need to stay flexible.

Trading recommendation:

We will only buy a break above 114.03 with stop placed at 112.20.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback