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The price initially received support from SMA 50 in yellow and signaled the end of the correction
However, the price continues to move sideways and is also trading below SMA 50
The price break of the moving average in this sideways move is a weak break that needs more confirmation
Thus, the price will drop and break it to the downside, which will give an opportunity to sell towards the moving average line 200 in red
As for the price rebounding higher and returning to trading above the EMA50, it gives an opportunity to buy towards the top level. Elliott waves consist of five waves.
Elliott waves must be five full waves
. Three in the direction of the market and two correct
If the Elliott waves begin to rise or fall, you will find
The (first, third and fifth) are moving in the direction
F (second and fourth waves correct)
. The third wave cannot be the shortest driving wave
The third wave
It cannot be shorter than the first or shorter than the fifth, because it is the longest wave
. The second wave cannot approach the price levels of the beginning of the first wave
The first, whether ascending or descending, starts the second opposite to it in the direction
To make a correction, but it is a condition that it is not corrected until it reaches the levels of the beginning of the first wave
. The fourth wave cannot approach the price zone or price limits
To the end of the first wave
The fourth wave is a correction wave and it is reversing
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Today market trend: Bullish
Resistance and Support points are depend on market news
So before trading see indicators and then take a decision for trading
Always keep patience and get a huge profit in your trading
Come in forex trading and become a ßillionaire
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A.O.A
Dear
I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
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Market trand sell.
pair sell ka ban gya hai market kafi up hoii hai and ab
down ki traf movement kar rahi hai so main ye suggest karun ga k humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.
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I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
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Forex Forecast with price level
EUR/JPY - pair in focus.
Current Price - 119.45
main support level - 119.33
main resistance level - 119.54
Pair likely to be in Sell today.
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eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
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Multiple confirmation: 1. Divergence showing price strengthening 2. Rejected Major Trendline 3. MT4 Indicator showing 3 4.Inverted H&S 5.moving average showing price going up 6. Broke Neckline Entry:1.69019 TP 1: 1.69391 TP 2: 1.69841 SL: 1.68732
Against sentiment but who ever makes money by following the herd? Fresh area of demand held,deep into the zone.In for a buyas price hit fib 0.618 along with major trend line and and we see good bull order block on rsi chart you see rsi hit trend line
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga
