Elliott Wave Free Forex Signal

Today we continue with Elliottwave signal for US Dollar vs Swiss Francs .

This is an alternative Elliott Wave count for Previous USD/CHF Signal.

Currency Pair = USD/CHF

Elliott wave Signal for Medium Term Trade.

TimeFrame = 4 Hours.

Elliott Wave Signal = Sell at Market Price ( Current Market Price= )

Target Profit = 1.1620 area.

Risk Reward Ratio = Below 1.0 (High Risk)

Stop Loss is seeing at 1.1970

Elliott Wave Analysis :-

Again this is a high risk signal , Because of current market ranging its hard to decided which will be next market trend.We could only see clearer picture of Elliott wave pattern after tomorrow important US data release.

For this alternate USD/CHF Elliott wave signal, we saw a possible motive wave iii in the down-side.Our target is 150% of fibonacci expansion @ 1.1620 area.

However if USD/CHF unable to break current important support at 1.1800, then our previous signal will be valid for trade.

Illustrated image below describe our USD/CHF Elliott Wave market analysis :-

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This entry was posted on Monday, September 17th, 2007 at 6:57 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.