empty
 
 
17.08.2018 08:34 AM
Elliott wave analysis of EUR/JPY for August 17, 2018

This image is no longer relevant

We continue to look for wave c/ of iv/ moving closer to resistance near 127.94 before the final dip to just below 124.89 to complete the complex correction in wave ii, for a new impulsive rally to above 131.99.

That said, we also need to stress the possibility of wave v/ and ii having completed with the test of 124.89 and wave iii already developing. A break above resistance at 128.45 will confirm this count and instantly make this count the top count if seen.

R3: 127.52

R2: 127.06

R1: 126.61

Pivot: 1.2639

S1: 125.76

S2: 125.26

S3: 124.89

Trading recommendation:

We are long EUR from 126.25 with our stop placed at 124.50. We will take half profit at 127.40 and wait for a new EUR-buying opportunity at 125.15.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback