Elliott Wave Free Forex Signal

Currency Pair = AUD/USD.

Time Frame = Daily for Medium Term Trade

Elliott wave Signal = Buy Stop at 0.9400 area

1st Target at 0.9520 area.Second = 0.9600 area.

Calculated Risk Level= 1.93+ (High Risk)

Exit / Stop Loss = at 0.9320 area.

AUD/USD Elliott Wave Analysis :-

Last week we saw a medium profit taking reaction on AUD/USD just after I release previous signal.That signal suppose to triggered and did hit stoploss above entry for break even or small profit if you put stops few points above entry.

Early this trading week we witnesses a new high on AUD/USD.We expecting further high if market able to break previous resistance to form expanded sub-wave v.

First target for this sub-wave v will be between 150% of monthly fib and 238.2 %  of weekly fib at 0.9470-0.9530.Further target will be at 261.8 % at 0.9610 if the bulls continue.

Latest Elliott wave AUD/USD currency pair analysis chart :-

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This entry was posted on Friday, November 9th, 2007 at 12:10 pm 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.