Elliot Wave Signal 22 September 2007

Elliot Waves Signal


Today I bring in one more currency to my Elliott wave signal.Its the Canadian dollar ( CAD) currency.

CAD/USD Elliott Wave Signal.

Elliott wave Signal for Medium term with high risk trade.

TimeFrame = Daily.

Signal = Limit Sell Signal when market retrace at price 1.0090-1.0080 area.

Target Profit = First target is wave v at 0.9835 area

Stop Loss = 1.0160 area.

Risk Reward Ratio = between 0.0 and 0.5 (HIGH RISK)

USD/CAD Elliott wave Analysis :-

From our analysis USD/CAD just made an extended impulsive elliott wave iii down so we expect there is a retrace in market price in near term.

This signal is triggered if market intend to continue its momentum to the lower low.

Our Entry is open between 1.0080- 1.0090 area with the first target at moderate degree of elliott wave v between 0.9850-0.9830 area.And if market continue to expand our final target for extended wave v may archived.

All our Elliott wave counts illustrated in below USDCAD daily chart:-

elliott wave

From: Elliot Wave Signal Prognosis

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