Elliot Wave Signal 09 September 2007

09 Sept 07

US Dollar vs Swiss Francs

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

Currency Pair = USD/CHF

Elliott wave Signal :-

Short-Medium Term Trade.

TimeFrame = 4 Hours.

Elliott Wave Signal = Buy limit advice at 1.1818 area.

Target Profit = 1.2030 area.

Risk Reward Ratio = less than 1.0

Stop Loss is seeing at 1.1796

Elliott Wave Analysis :-

This is a high risk signal just because from our calculation the risk-pe-reward ratio for this entry is below 1.0 %.So if you are not a risk taker we are strongly not advice you to use this signal.Just use this signal as your trade guidance.

From our elliott wave point of view, USD/CHF is still under ranging market whit a complex a-b-c-d-e zigzag correction pattern.

Although our target for next turn is around 1.1816,there is still a possibilities for Dollar /Swiss Francs to go further downward toward next support at 1.1730 area.

So make sure you are ready with your stop if you plan to trade the e-wave.

Below are our illustrated image of current USD/CHF elliott wave market pattern :-

elliott wave signal

From: Elliot wave signal prognosis

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