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  1. DF
  2. Technical Analysis
  3. AUD/USD Signal - January 30, 2012
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AUD/USD Signal - January 30, 2012

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

Currency: AUD/USD
Trend Expected Direction: Channel Up
Strategy: Elliott Waves and Fibonacci Trading.
Description: Trend in Aussi just completed wave iii and expected a complex wave for next week down toward 0.318 Fibonacci level at price near 1.04500. We need to wait for more news to flow in on the pair. I would suggest in this stage of trading to step aside and watch the trend next week and to buy at best price which can be 1.0500. Anyways, I will watch the market and send you alert on next possible strategy for Aussi.
Action: Stay aside.
Target Area: N/A.
Stop Lose: N/A.

AUD/USD Signal - January 30, 2012

Get more of today’s free Forex signals from this pro trader:
EUR/USD Signal – January 30, 2012
GBP/USD Signal – January 30, 2012

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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