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  4. USD/CHF Signal - November 27, 2012
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USD/CHF Signal - November 27, 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: DailyForex.com

Currency: USD/CHF
Method: Elliott Waves
Description: Expanded triangle below resistance level in correction expected wave (B). Going within the expanded triangle, we can notice around %75 completed with minor wave d in progress as a larger Zigzag or more complex form might shape up. I do expect a pull back toward 0.93670 level or 0.5 Fibonacci where i am planning to short the pair as a Gamble trade expecting wave c of d targeting below 0.9200 level. Again lets keep an eye on this trade for today and for further analysis from my side towards today's gamble trade.
Recommendation: I will gamble this pair at or near 0.93670 by short the pair. Stay tuned
Stop Loss: N/A
Target: N/A

USD/CHF Signal - November 27, 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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