#12030

The “Caviar of the East,” bird's nest soup is made from the nest of the endangered swiftlet bird, who uses it's own solidified saliva to make it's nest. – WTF Fun Facts

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-eurjpy-buy-at-120-30

Trade Idea: EUR/JPY - Buy at 120.30

EUR/JPY – 120.83

Recent wave: wave v of (C) ended at 94.12 and major correction in wave A has ended at 149.79

Trend: Sideways

Original strategy:

Buy at 120.00, Target: 122.00, Stop: 119.40

Position: – Target:  – Stop: –

New strategy :

Buy at 120.30, Target: 122.30, Stop: 119.70

Position: – Target:  – Stop:-

Although the single currency rebounded after finding support at 120.22 yesterday, break of resistance at 121.34 is needed to retain bullishness and signal the rise from 119.33 (last week’s low) has resumed, bring further gain to 121.90-00, having said that, a break of resistance at 122.52 is needed to signal recent entire correction from 124.10 top has possibly ended, encourage for headway to 123.00 but price should falter below key resistance at 123.31.

In view of this, we are inclined to buy euro on dips. Below 119.65 would abort and suggest the rebound from 119.33 has ended instead, risk retest of this level later. Only a break of this support would revive bearishness and extend recent decline from 124.10 top to 119.00, then 118.70. 

Our latest preferred count is that wave (ii) is ABC-X-ABC which ended at 123.33 and wave (iii) is unfolding with wave iii ended at 100.77, followed by wave iv at 111.57 and wave v as well as the wave (iii) has ended at 97.04, followed by wave (iv) at 111.43 and wave (v) has ended at 94.12 which is also the end of the larger degree v, this also implied the major wave (C) has also ended there, hence major correction has commenced from there with (A) leg unfolding in its lower degree wave c which has possibly ended at 145.69. Under this count, A-B-C wave (B) has commenced with A leg ended at 136.23, wave B at 143.79 and wave C has possibly ended at 149.79.

Our larger degree count is that the decline from 139.26 is wave (C) and is sub-divided into a diagonal triangle i-ii-iii-iv-v with wave i – 105.44, wave ii- 123.33, wave iii – 97.03, wave iv – 111.43, followed by the final wave v as well as the end of wave (C) at 94.12, this also mark the bottom of larger degree wave B. Under this count, major rise in wave C has commenced as an impulsive wave with minor wave III ended at 145.69, wave V is still in progress for further gain to 150.00. Having said that, this so-called wave V could well be the first leg of larger degree 5-waver wave C and this wave C should bring at least a retest of wave A top at 169.97 (July 2008).

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-eurjpy-buy-at-120-30

Trade Idea: EUR/JPY - Buy at 120.30

EUR/JPY – 120.83

Recent wave: wave v of (C) ended at 94.12 and major correction in wave A has ended at 149.79

Trend: Sideways

Original strategy:

Buy at 120.00, Target: 122.00, Stop: 119.40

Position: – Target:  – Stop: –

New strategy :

Buy at 120.30, Target: 122.30, Stop: 119.70

Position: – Target:  – Stop:-

Although the single currency rebounded after finding support at 120.22 yesterday, break of resistance at 121.34 is needed to retain bullishness and signal the rise from 119.33 (last week’s low) has resumed, bring further gain to 121.90-00, having said that, a break of resistance at 122.52 is needed to signal recent entire correction from 124.10 top has possibly ended, encourage for headway to 123.00 but price should falter below key resistance at 123.31.

In view of this, we are inclined to buy euro on dips. Below 119.65 would abort and suggest the rebound from 119.33 has ended instead, risk retest of this level later. Only a break of this support would revive bearishness and extend recent decline from 124.10 top to 119.00, then 118.70. 

Our latest preferred count is that wave (ii) is ABC-X-ABC which ended at 123.33 and wave (iii) is unfolding with wave iii ended at 100.77, followed by wave iv at 111.57 and wave v as well as the wave (iii) has ended at 97.04, followed by wave (iv) at 111.43 and wave (v) has ended at 94.12 which is also the end of the larger degree v, this also implied the major wave (C) has also ended there, hence major correction has commenced from there with (A) leg unfolding in its lower degree wave c which has possibly ended at 145.69. Under this count, A-B-C wave (B) has commenced with A leg ended at 136.23, wave B at 143.79 and wave C has possibly ended at 149.79.

Our larger degree count is that the decline from 139.26 is wave (C) and is sub-divided into a diagonal triangle i-ii-iii-iv-v with wave i – 105.44, wave ii- 123.33, wave iii – 97.03, wave iv – 111.43, followed by the final wave v as well as the end of wave (C) at 94.12, this also mark the bottom of larger degree wave B. Under this count, major rise in wave C has commenced as an impulsive wave with minor wave III ended at 145.69, wave V is still in progress for further gain to 150.00. Having said that, this so-called wave V could well be the first leg of larger degree 5-waver wave C and this wave C should bring at least a retest of wave A top at 169.97 (July 2008).

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-eurjpy-buy-at-120-30

Trade Idea: EUR/JPY - Buy at 120.30

EUR/JPY – 120.83

Recent wave: wave v of (C) ended at 94.12 and major correction in wave A has ended at 149.79

Trend: Sideways

Original strategy:

Buy at 120.00, Target: 122.00, Stop: 119.40

Position: – Target:  – Stop: –

New strategy :

Buy at 120.30, Target: 122.30, Stop: 119.70

Position: – Target:  – Stop:-

Although the single currency rebounded after finding support at 120.22 yesterday, break of resistance at 121.34 is needed to retain bullishness and signal the rise from 119.33 (last week’s low) has resumed, bring further gain to 121.90-00, having said that, a break of resistance at 122.52 is needed to signal recent entire correction from 124.10 top has possibly ended, encourage for headway to 123.00 but price should falter below key resistance at 123.31.

In view of this, we are inclined to buy euro on dips. Below 119.65 would abort and suggest the rebound from 119.33 has ended instead, risk retest of this level later. Only a break of this support would revive bearishness and extend recent decline from 124.10 top to 119.00, then 118.70. 

Our latest preferred count is that wave (ii) is ABC-X-ABC which ended at 123.33 and wave (iii) is unfolding with wave iii ended at 100.77, followed by wave iv at 111.57 and wave v as well as the wave (iii) has ended at 97.04, followed by wave (iv) at 111.43 and wave (v) has ended at 94.12 which is also the end of the larger degree v, this also implied the major wave (C) has also ended there, hence major correction has commenced from there with (A) leg unfolding in its lower degree wave c which has possibly ended at 145.69. Under this count, A-B-C wave (B) has commenced with A leg ended at 136.23, wave B at 143.79 and wave C has possibly ended at 149.79.

Our larger degree count is that the decline from 139.26 is wave (C) and is sub-divided into a diagonal triangle i-ii-iii-iv-v with wave i – 105.44, wave ii- 123.33, wave iii – 97.03, wave iv – 111.43, followed by the final wave v as well as the end of wave (C) at 94.12, this also mark the bottom of larger degree wave B. Under this count, major rise in wave C has commenced as an impulsive wave with minor wave III ended at 145.69, wave V is still in progress for further gain to 150.00. Having said that, this so-called wave V could well be the first leg of larger degree 5-waver wave C and this wave C should bring at least a retest of wave A top at 169.97 (July 2008).