empty
 
 
05.09.2016 07:39 AM
Elliott wave analysis of EUR/JPY for September 5, 2016

This image is no longer relevant

Wave summary:

The rally of 113.11 low continue to unfold just as expected. We were looking for a top for red wave [iii] at 116.36 and this is exactly where it peaked. Now red wave [iv] is unfolding for a corrective decline to 115.44 before the next rally higher to at least 117.00 and likely closer to 117.96 and possibly even to 118.54 before this impulsive rally comes to an end and a correction to 115.44 should be expected.

For now, look for a corrective low near 115.44 for the next impulsive rally higher to at least 117.00.

Trading recommendation:

We are long EUR from 114.05 with stop placed at 114.90 when minor resistance at 116.36 breaks the stop will be moved to 115.40. If you are not long EUR yet, then buy near 115.44 and place stop at 114.90, but move your stop to break-even upon a break above 116.36 and consider taking profit near 117.00.

Torben Melsted,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Torben Melsted
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback