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  4. EUR/USD Signal- July 3, 2012
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EUR/USD Signal- July 3, 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.

Currency: EUR/USD
Trend Expected Direction: UP
Method: Elliott Waves and Fibonacci Levels
Description: 15 Minute chart analysis based on three patterns correction. Pattern one was a falling Zigzag that landed away from target level, followed by expanded flat that about to complete 1.618 fib to form wave (B)/(X) and another motive wave expected for final pattern three that might take a shape of five small waves. However, this trade is for RISK LOVERS/GAMBLERS Only. Who likes it, can try it. I will not trade this call, but will wait until price reaches what I am expecting, then will post my trade plan. Wishing traders good luck.
Recommendation: Sell
Target Area: 1.25300
Stop Loss: 1.2650

EURUSD Signal 7312

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.

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