Elliott Wave Free Forex Signal

Currency Pair = USD/CHF

Elliott wave Signal:

Medium-Long term trade.

TimeFrame = Daily.

Signal = SELL limit advice at 1.2300 area.Its a medium risk to trade SHORT on Swiss Francs as it now near upper trendline of bearish channel.Great risk/reward ratio.

Risk Reward Ratio = 14.0

Medium term target for Minuette Wave3 at 1.1850 area .

Stop is between 1.2330-1.2350.

Possible of next Elliottwave :-

Possible next wave is ImpulsiveC.
This pattern has been defined as a trand pattern in which all trend waves
i-iii-v are appreximately of the same length.
Its not common pattern because normally one of the impulsive wave is extended.

Possible target for this next elliott wave iii is at 161.8% of fibonacci extension at 1.1850-1.1830.

Popularity: 2% [?]

This entry was posted on Friday, June 1st, 2007 at 2:33 pm and is filed under Elliott Wave Signal USD-CHF.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.