CAD/CHF Signal- November 28, 2012

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By: DailyForex.com

Currency: CAD/CHF
Method: Elliott Waves
Description:Follow up on my yesterday post on CAD/CHF, A break in falling channel took place yesterday for new fresh wave expected to reach a new high levels. Yesterday the trend completed wave i and corrected ii at 0.618 Fibonacci at 0.93441. It looks attractive to me to buy and hold the pair targeting 1.618 Fibo expansion at 0.94200 price level.
Recommendation: Buy & Hold
Stop Loss: 0.9300
Target: 0.94200

CADCHF Signal 112812

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals based on his keen understanding of the market. Fadi is an expert in Elliott wav principles and Ichimoku Kinko Hyo, and he is a managing partner in one of the leading organizations in protective coating in the Gulf region.

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