Medical Book

Buy Textbooks | Autoclaves | stethoscopes | Buy Books Online | Buy Medical Textbooks | Textbooks | Equipment | Nutrition | USMLE | MRCP | MRCS | Dental | Sport Medicine | Cardiology | Medical Textbook | Surgery | Pregnancy | Anatomy | Radiation | Pedia |
 
HomeCalendarPublicationsFAQSearchMemberlistUsergroupsRegisterLog in

Share | 
 

 GBP/JPY Elliott wave count and Fibonacci levels for June 24, 2011

View previous topic View next topic Go down 
AuthorMessage
john

avatar

Membership NO : 1
Male Posts : 1672
Join date : 2011-03-27

PostSubject: GBP/JPY Elliott wave count and Fibonacci levels for June 24, 2011    Fri Jun 24, 2011 12:39 pm

Join STARZ Free Trial NOW !!

Read More by Click The Banner Below

GBP/JPY Elliott wave count and Fibonacci levels for June 24, 2011

Real Money Doubling Forex Robot Fap Turbo - Sells Like Candy!
ORDER NOW


READ MORE ABOUT IT


GBP/JPY is developing wave C of long term downtrend - colored light green in the chart. And within this wave
there are A, B and C subwaves, with subwave C still developing -
colored magenta in the chart. Within this subwave there are A and B
waves of still smaller degree. The targets of the upmove are Fibonacci retracements of 130.51-128.45.

Resistances:

- 129.24 = .382 retracement
- 129.48 = .50 ret
- 129.72 = .618 ret

If the price keeps moving down and breaks below 128.45 the supports will be Fibonacci expansions off 139.93-130.26-135.11, 135.11-129.74-132.30, 132.30-128.90-130.51.

Supports:

- 128.41 = contracted objective point (COP)
- 127.11 = objective point (OP)
- 126.93 = OP



Overbought/Oversold

Assuming that the medium term trend is down it's preferable to try
short positions when the Detrended Oscillator gets above the zero level
(current prices) or into the overbought area (20-30 pips above the
current prices).


_________________

Share
Back to top Go down
View user profile
 

GBP/JPY Elliott wave count and Fibonacci levels for June 24, 2011

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Medical Book :: Forex :: Forex Training-