EUR/USD Signal - April 18, 2012

Fadi Steitie

By: Fadi Steitie

Currency: EUR/USD
Trend Expected Direction: Down.
Method: Elliott Waves and Fibonacci Trading.
Description: Larger (C) leg is expected to unfold upward Zigzag after a minor expanded flat ended at 1.30570 as shown on chart. This larger correction should end near 1.31800 in order to complete 100% of wave (A).
Trend Expected Direction: UP
Recommendation: BUY
Target Area: 1.31800
Stop Loss: 1.3000

EUR/USD Signal - April 18, 2012

About the Author
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 Pairs:
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3 User comments
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StephM
2012-04-24 07:52:46Z

Hi Kevin,

You can get updates of new posts by signing up for our newsletter on the right side of this page (or any page), or following us on Facebook or twitter, where we update our streams in real time when new posts go up. Hope this helps!

kevinsteeman
2012-04-23 08:22:24Z

hello mr.steiti,do you offer also a e-mail notification of new posts?

fadisat
2012-04-20 11:24:26Z

Traders close trade cuz Target hits!


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Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

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