Saturday, September 15, 2007

ELLIOT WAVE UPDATE: USD/CHF are unique

We find it very hard to do a detailed waves count on USDCHF. Although we found out a clear waves pattern as seen on the charts, but for us that's not good enough, because we are uncertain whether the current Impulsive Waves (i) until (v) are inside the larger degree of Wave (I), (III), (V), (A) or (C)? That's our main problem of this pair. Why is that so, because at 4-hours chart, the pair looks choppy. But, in finding the price direction, we must only follow what we see, not what we think. Meanwhile, we can ignore the larger degree Waves until we really discover it. Now, from what we can see, current price movement suggests that USDCHF has one more correction phase to go, the wave (c). It is expected to be an Impulsive of 5-waves up.



THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.


To Our Success,

Elite Bisnes Team







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