AUD/USD Signal - April 19, 2012
By: Fadi Steitie
Trend Expected Direction: Up
Method: Elliott Waves ,Fibonacci, High Probability Trading
Description: After the break in the falling Zigzag that breaks on 11 April at price 1.03144 going up to 1.0450 and back down testing 1.03130 at .0618 Fib level and since that trend formed a descending triangle as shown on chart. A range bound level will remain until a breakout comes sometime next week targeting 1.04300 level before the major trend change direction. I suggest you to hold your long position.
Target Area: 1.04300
Stop Loss: 1.02250
- Currency Pairs