Thursday, November 22, 2012

Trade Forex using technical analysis!

Trade Forex using technical analysis!

By Waves Strategy Advisors (www.wavesstrategy.com)

Most of the time we think of trading in currency pairs but we always stop and wait for the best opportunities and by the time the opportunity arrives, we believe that it is too late to act upon it.
Because most popular pairs are not necessarily where the best opportunities are. Your best opportunities are where Elliott wave patterns are the clearest. Here is an example of that.
GBPINR 60 mins chart:
GBPINR moved exactly as per Elliott wave counts. It is range bound and is expected to stay in a range of 88-86.80. Since the currency is range bound and it is hovering at the resistance of the upper extreme of the range placed at 88, upside is capped. As shown in 60 mins chart, the currency is consolidating in the above-mentioned range, and a sideways movement is expected.RSI is also giving negative divergence…
To know the exact levels and targets in all currency pairs i.e. USDINRGBPINREURINR andJPYINR” subscribe to our alternate day publication of “The Forex Waves STU” and don’t miss any opportunity in currency. Forex trading is not that difficult if done objectively using proper technical tools.
For subscribing write to us at helpdesk@wavesstrategy.com or can call us on 9920422202.

2 comments:

  1. Hi this one is great and is really a good post. I think it will help me a lot in the related stuff and is very much useful for me. Very well written I appreciate & must say good job..

    ReplyDelete