elliott extended impulse wave down 125.24 market should not go lower than 125.45 - 123.49 after this move down it should go up to 128.62 - 129.83 area
Thread: Eur/Jpy
elliott extended impulse wave down 125.24 market should not go lower than 125.45 - 123.49 after this move down it should go up to 128.62 - 129.83 area
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welcome
pair go to up
price:128.61
will buy:129.61
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we can see in the 1w chart
the pair will go down to fibo 38.2
I see the pair will go to down way to 118.45
stochastic refers that the pair will go down
so our target sell from 128.49 and our target will 1025pips
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EUR/JPY intraday: the bias is still UPTREND. the pair appears on top of its support and stays on the up-side, the RSI is properly focused.
Pivot@ 128.1
My choice: Open BUY positions over 128.1 with targets @ 129.95 & 130.65 in extension.
Alternate choice conditions: Underneath 128.1 take a look for further down-side with 127.5 & 127 as targets.
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welcome;;;;
open:129.06
high:129.59
low:128.83
close:129.51
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Hi,
My preferance to buy Eur/Jpy from 129.90 and to stop loss at 128.00,
first take profit is at 130.30 and second at 130.80 (third is optional at 131.20).
Good luck for everyone
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The following data is predicted based on indicators that we use for the currency pair EURJPY this day, to this day resistance levels as follows: RI (129.23) R II (129.75) R III (130.70). and to this day support levels as follows: SI (126.91) S II (126.25) S IIII (125.50)
recommendation:
back bullish price moves in accordance with the long-term trend, today's recommendations, sell limit at R III only with profit targets in R II
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we can see in the 1d chart the pair can close up the up trend line i see the pair will go to up way to 131.00 stochastic refers that the pair will go up
so our target buy from 129.00 and our target will 200pips
http://www.mql5.com/en/charts/426835...staforex-group
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elliott zigzag or flat corection 128.89 strenght can extend to 128.50 or 128.98 as declines are expected to find support at 127.64 or 127.26 a fall below 126.30 could turn it bearish
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As you see in my following chart, the pair traded between a high of 128.74 and a low of 127.02, closed at 128.19. Today the pair trades below the bearish trend line at the price of 129.90.
Downside Scenario: EURJPY could decline to the levels of 128.40, then 127.20, if the bearish trend line at the price of 129.90 holds.
Upside Scenario: Upside penetration of the bearish trend line at the price of 129.90 could send the pair to the levels of 130.80 then 131.90.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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