Elliott wave Signal for 25th September 2007:
Signal for Short term- high risk trade.
Time Frame = 4 Hrs.
Elliott wave Signal = Buy Limit at 0.8450 ~ 0.8460 area.
Risk Reward Ratio between 0.0~1.0 (High Risk)
Elliott Short term target for end of wave (v) up with first target at 0.8870 and for extended wave v = 0.8940 area.
Stop will be below of previous support at 0.8270 area.
AUD/USD Elliott Wave Analysis :-
We can call this is as an updated version of previous AUD/USD Signal.Market has passed beyond our target and that makes us recount for our last signal.Elliott wave principle told us that wave iii cant be the shortest among the three-major-wave.So that makes current wave up is labeled as wave iii.
Its seem there is a just a little space for AUD to pushed higher to end recent wave iii.We suggest to enter buy entry at upcoming wave iv when AUD/USD has retrace.This is a medium high risk,so we advice that you take a good strategy and money management when you decided to follow our signal.
Wave iv always confusing most trader , it could be a complex consolidation in a retracement, so make sure you wont be caught.
As usual I attach the illustrated Elliott wave counts to give an idea of out analysis :-