Elliott Wave Free Forex Signal

Currency Pair = AUD/USD.

ElliottwaveSignal:

Short-Medium term trade.

TimeFrame = 4Hrs.

Elliott wave Signal = Sell market price around 0.8275 area.

Risk Reward Ratio = to be advice

Elliott Medium term target for first wave (iii) down = 0.7680-0.7450

AUD/USD Elliott Wave Analysis :-

We predicted that current market price is near end of wave (ii).How ever this wave (ii) can move up till 0.8400 area.

From this wave (ii) then we could trade for next wave and that is wave (iii) down.This Elliott wave (iii) could be our major wave how ever it have to pass previous low at 0.76780 before its continue to our next target,minimum at 0.7450.

Possible extended impulsive wave then will occur.That is for our next signal.

Below are our illustrated AUD/USD Elliott wave analysis.

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This entry was posted on Monday, September 10th, 2007 at 6:14 am and is filed under Elliott Wave Signal AUD-USD.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.