LATEST ARTICLES

Elliott wave analysis of EUR/JPY for March 6, 2018

Posted On 06 Mar 2018
By :
Comment: 0
analytics5a9e2619189af.png

Wave summary:

The wave B has turned into an expanded flat correction, with the wave b break below the low of the wave A at 129.53. The low of the wave b was seen at 129.32 and the wave c has been nice and strong and should continue higher towards the 132.90 target before completing and turning the prices lower in the wave C towards 127.52 on the way lower to the ideal wave (E) target at 123.43.

R3: 132.32

R2: 131.65

R1: 131.33

Pivot: 131.25

S1: 131.10

S2: 131.00

S3: 130.90

Trading recommendation:

We are long EUR from 129.75 and will move our stop higher to 130.55 and place our take profit at 132.50.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Elliott wave analysis of EUR/JPY for March 6, 2018

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy