Elliott Wave Free Forex Signal

Currency Pair = AUD/USD.

ElliottwaveSignal:

Medium term trade.

TimeFrame = 1Day.

Elliott wave Signal = Buy at current market price.

Risk Reward Ratio ~ 10.0

Elliott Medium term target for fifth wave (v) up at0.8530 area

Stop will be below of previous support at 0.8170 area.

AUD/USD Elliott Wave Analysis :-

This is AUD/USD Elliott wave alternate count with a bigger time frame.

We have a limited upward resistance but still from our calculation the risk is in medium mode so there is still high probability that our target reachable.

Our target for wave v up is at 76.4% of fibonacci expansion area and that is around 1.8550area.
Below is our illustrated chart for our altenate AUD/USD Elliott wave count.

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This entry was posted on Tuesday, September 18th, 2007 at 1:35 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.