empty
 
 
17.03.2014 01:23 PM
Technical analysis of EUR/JPY for March 17, 2014

General overview for 17/03/2014 11:11 CET

The bullish impulsive count has almost been invalidated due to the very deep retrace in wave (iv) green in shape of irregular flat (a)(b)(c) pattern. Currently, the market is trying to bounce higher and test the key level of recent support breakout at the level of 142.20. In case of failure here, the market should fall farther down and break the golden trendline to invalidate the impulsive count.

On higher time frames, the count is getting more complex now with the alternate labeling provided on H4 time frame. There is still a possibility that the price is in wave 4 purple triangle and traders can see more of the whipsaw price action that is typical for triangle formation.

Support/Resistance:

143.78 - Swing High

143.68 - Technical Resistance

142.53 - WR1

142.20 - 142.30 - Key Level

141.68 - Intraday Resistance

141.48 - Weekly Pivot

140.38 - Invalidation Line

139.36 - WS1

Trading recommendations:

Buy stop orders should be opened from the level of 141.71 with SL below the level of 140.85 and TP at the level 142.20.

This image is no longer relevant
This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Juni kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback