USD/CHF Signal- January 2, 2013

Currency: USD/CHF
Method: Trend anatomy by Elliott Waves counts and Fibonacci.
Wave (i)(ii) range: 0.96960, 0.98900 in a simple form.
Wave (iii)(iv) range: 0.9250, 0.9500 in expanded form.
Wave Alternation: Wave (b) within iv correction is below (iii)
Left Shoulder(S1): Completed.
Description: I will launch a trade anatomy for wave formation focused on trend analysis to realize waves counts, entry/exit levels, patterns, and to focus mainly on popular head and Shoulder trading strategy confirmed by Fibonacci levels as well as some indicators such as RSI and others. I will try my new approach today in USD/CHF where the trend has already completed the above criteria in term of waves (i) through (iii) to reach S which it will become my first bench mark. Wave (iii) was the longest and w(iv) has expanded unlike w(ii) and confirmed the alternation as above. I will sell and hold below the resistance level below .0382 Fibonacci level and close at H which expected to be or below 0.9300. Once we confirm S1 and H, we will invest just at S2 right side (Not Shown). H&S is in a new fashion where the anatomy will show which part is extended, Fibonacci levels, S2 types after H confirmation.
Stop Loss: 0.9300
Target: 0.9000 toward H level.

USDCHF Signal 1213

Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with 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.