Archive for September, 2007

Currency pair = USD/JPY

Elliott wave Signal for Long term with Low risk trade.

TimeFrame = Daily.

Signal = Buy at market price (115.28) or Limit Buy at 114.00 area if you can wait for safer trade.
Target Profit = 120.00 area.

Stop Loss = 112.00

Risk Reward Ratio = greater than 20.0 (Low Risk)

USD/JPY Elliott wave Analysis :-

This is a Very Long Term Trades with expected duration of target archived for 5 months.

We not advice for Scalper or Intraday trader to follow this signal but you can always use this as guidance for your major trend projection.

We target for Elliott wave Minuette degree of wave 3 at 120.00 area as a first target which also a projection of 161.8% of fibonacci expansion.

How ever, for the short term we could see USD/JPY could retest previous support at 120.00 area so we better put a stop just below that area.

At the moment we could not produce an illustrated image for this signal due to connection problem with our trading platform.We will upload the picture as we get our platform fixed.

elliott wave

 

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Currency Pair = AUD/USD.

Elliott wave Signal for 25th September 2007:

Signal for Short term- high risk trade.

Time Frame = 4 Hrs.

Elliott wave Signal = Buy Limit at 0.8450 ~ 0.8460 area.

Risk Reward Ratio between 0.0~1.0 (High Risk)

Elliott Short term target for end of wave (v) up with first target at 0.8870 and for extended wave v = 0.8940 area.

Stop will be below of previous support at 0.8270 area.

AUD/USD Elliott Wave Analysis :-

We can call this is as an updated version of previous AUD/USD Signal.Market has passed beyond our target and that makes us recount for our last signal.Elliott wave principle told us that wave iii cant be the shortest among the three-major-wave.So that makes current wave up is labeled as wave iii.

Its seem there is a just a little space for AUD to pushed higher to end recent wave iii.We suggest to enter buy entry at upcoming wave iv when AUD/USD has retrace.This is a medium high risk,so we advice that you take a good strategy and money management when you decided to follow our signal.

Wave iv always confusing most trader , it could be a complex consolidation in a retracement, so make sure you wont be caught.

As usual I attach the illustrated Elliott wave counts to give an idea of out analysis :-

elliott wave

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