Archive for December, 2009
Trade Idea: EUR/JPY – Buy at 130.80
By actionforex
Trade Idea: EUR/JPY – 132.25
Recent wave: wave 2 is unfolding as a triple threes and possibly ended at 126.95
Trend: Sideways
Original strategy :
Buy at 131.00, Target: 132.90, Stop: 130.35
New trading strategy:
Buy at 130.80, Target: 132.90, Stop: 130.15
As the single currency has eased after rising to 132.61, consolidation below there would be seen and whilst pullback [...]
GBP/USD Elliott Wave Analysis
By actionforex
GBP/USD – 1.6052
GBP/USD – Wave (v) of C possibly ended at 1.6879 as a failure 5th
Although the British pound dropped to as low as 1.5923 last week, the recovery from there suggests initial consolidation would be seen this week and minor correction to 1.6110 is likely, however, renewed selling interest should emerge around [...]
