empty
 
 
11.10.2012 06:32 PM
EurJpy Bulls Under Control... Stay Long

This image is no longer relevant

 

Technical Outlook and Chart Setups:

They say, "Trading Is A Game, You Win... You Loose... But One Needs To Play...... " Last week recommendations were to short aggressively, prices came down but not the way it was expected. The trend line was held yesterday and flipping positions by taking out profits have worked well till now. 100.40/50 levels are strong support now. Furthermore, prices have taken out last sessions’ resistance just above 101.00 level. It instills confidence that bulls are back again, and one can expect higher highs and higher lows forming from here on. Intraday dips from here on should be used as opportunities to build long positions. Staying long is recommended.

Trade Recommendations:

Stay long from yesterday (around 100.50), stop around 99.50. Open target. We will revise stops tomorrow or at the beginning of the next week.

 

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback