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  4. EUR/USD Signal February 14, 2012
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EUR/USD Signal February 14, 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: EUR/USD
Trend Expected Direction: Up
Method: Elliott Waves and Fibonacci Trading.
Description: Expected Scenario for EUR/USD, I do still believe a falling diagonal is still in act. Looking at chart, we can notice wave (C) have been completed at 1.26300 and going into a larger ZigZag shape targeting wave (D) @ 1.3600. For now C wave within (D) just finished with expanded flat just hit its c (Blue) (B)(Red) and going to (C).
Action: I recommend buying currency and hold it.
Target Area: 1.34000.
Stop Loss: 1.30000.

EUR/USD Signal 2/14/12

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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