Elliot Wave Signal 17 September 2007

Elliot Waves Signal


USD/CHF


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

This is an alternative Elliott Wave count for Previous USD/CHF Signal.

Currency Pair = USD/CHF

Elliott wave Signal for Medium Term Trade.

TimeFrame = 4 Hours.

Elliott Wave Signal = Sell at Market Price ( Current Market Price= )

Target Profit = 1.1620 area.

Risk Reward Ratio = Below 1.0 (High Risk)

Stop Loss is seeing at 1.1970

Elliott Wave Analysis :

Again this is a high risk signal , Because of current market ranging its hard to decided which will be next market trend.We could only see clearer picture of Elliott wave pattern after tomorrow important US data release.

For this alternate USD/CHF Elliott wave signal, we saw a possible motive wave iii in the down-side.Our target is 150% of fibonacci expansion @ 1.1620 area.

However if USD/CHF unable current important support at 1.1800 are,wu could see our previous signal will be valid.

Illustrated image below describe our USD/CHF Elliott Wave market analysis :


elliott wave signal

From Elliot Wave Signal Prognosis

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