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  3. Free Forex Signals
  4. GBP/USD Signal - January 30, 2012
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GBP/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

*Trader's Note - This signal is no longer valid, but stay tuned for further market updates on your favorite currency pairs.

Currency: GBP/USD
Trend Expected Direction: Channel Up
Strategy: Elliott Waves and Fibonacci Trading.
Description: With a channel up wave iv ended with expanding triangle at 0.382 Fibonacci level, and going toward 1.618 for wave v at a target 1.57650 before this cycle gets complete. I suggest to hold long this pair for further up movement.
Action: Hold Long.
Target Area: 1.57650.
Stop Lose: 1.5657.

GBP/USD Signal - January 30, 2012

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