Elliott Wave Free Forex Signal

Currency pair = USD/JPY

TimeFrame = Daily for Medium Term Trades.

Signal = Pending Sell Stop at between 110.00  area.

First Target Between 109.50 and 109.00 area and second is at 108.00 area.

Stop Loss = above 110.80 area

Calculated Risk Level = 2.1+(High Risk)

Medium Term USD/JPY Elliott wave Analysis :-

USD/JPY never did retrace 61.8% nor 50% of fibonacci retracement on our previous signal thus our entry never triggered.But still USD/JPY did  moving into our analysis direction and pass our target profit at 112.60 area.

That is the use of our signal.You can follow our signal as reference and execute your trade using your best strategy to win the trades.

We have update latest elliott wave analysis in our USD/JPY chart below with a better waves counting.Market just enter wave iii zone of wave c, and we expecting more downward correction towards 261.8% of fibonacci extension in few days to complete sub-wave v of wave c of wave (c).

Remember to apply secure trade position strategy when your entry triggered since this opportunity is on the high risk side.

Regards,elliottwavesignal.com

Latest USD/JPY Elliott wave signal analysis :-

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This entry was posted on Saturday, November 10th, 2007 at 8:45 pm and is filed under Elliott Wave Signal USD-JPY.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.