empty
 
 
11.09.2012 10:17 AM
EUR/JPY Elliott Wave Analysis for September 11 - 2012

This image is no longer relevant
 

 

Today's Support and Resistance Levels:

S1: 99.80                      R1: 100.42

S2: 99.59                      R2: 100.60

S3: 99.18                      R3: 100.90

 

Technical Overview: 

Red wave 5 is near its termination, but we still think that we are in the minor correction, which will likely make it down to the 99.59 - 99.70 area from where we should see the last rally higher towards the ideal target at 100.60. Once red wave 5 tops out, that will mark the the top of black wave 3 and call for a correction in black wave 4 down towards 98.40 and likely also 97.72.

As black wave 2 was simple, but deep correction. We should expect black wave 4 to be shallow and complex in shape (a bit like we saw it in red wave 4).

 

Trading Recommendation:

As we are close to a top, we are looking to sell EUR against JPY at 100.55 with a 100.90 stop and we will take profit at 97.90.

Torben Melsted,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
Torben Melsted
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback