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  4. EUR/USD Signal - Feb. 28, 2013
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EUR/USD Signal - Feb. 28, 2013

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
Method: Elliott Waves
Description: Follow up on yesterday's trade call for EUR/USD, the pair has already went into the suggested SELL zone, and I executed a Sell order to get into the final wave of C targeting 1.2900 price level. I will move the preset Stop loss from 1.3300 to 1.3100 once the trends break below 1.30200 to book some profit. Let's watch the trend movement and to be updated once minor wave 2 get engaged.
Recommendation: Sell and Hold
Stop Loss: 1.3300
Target:1.2900

EURUSD Signal

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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