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  1. DF
  2. Technical Analysis
  3. Free Forex Signals
  4. USD Year End Expected Movement
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USD Year End Expected Movement

By Fadi Steitie
Fadi Steitie
By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

By: Fadi Steitie

USD Expected Movement - December 29, 2011

Currency: US Dollar
Trend Expected Direction: UP
Strategy: Elliott Waves
Description: It looks like a larger ABC correction. Wave A completed its v extension hitting 10,000 level or at 2.168 Fib level, and Ascending Triangle for wave B. Wave B is at its 4th and expected to drop to 5th at 9,970 for a completion. Wave C is expected to take off in Jan 2012. That will affect other currencies such as Euro, Yen, Swiss Frank and British Pound.
Action: Watch
Target Area: Undecided
Stop Loss: N/A

See other free Forex signals from this pro trader:

EUR/USD Signal - December 29, 2011

USD/CAD Signal - December 29, 2011

Fadi Steitie
About Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

 

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