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Elliott-Traders

Thursday, July 29, 2010

AUD/CHF Long Term Elliott Wave Count


This is as good as it gets

So far reversed off a 1x1, in what i am labelling a X wave

If you look at the near term gyrations, there is a 5 down and as i write it looks like a correction to that 5 wave decline

This pair has my attention now, and as the ES chops traders to bits, if you have access to this pair it can be setting up for a serious downside move

If you go back in the history i was tracking this on some serious declines prior to this rally and have been quietly waiting for the chance to sell it again

Well i think we are now at that stage

If you can get access to this pair, get it on your platform as i really do feel that its a good chance

We the setup few and far between atm, this is a chance to grab with both hands imo

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Statement – being right means nothing if you don’t profit from that call, anyone can make market calls and show analysis of the market, NOT everyone can take the risk and trade the correct trade to make $$$$ You are ALWAYS learning, never under-estimate the market, she has a way of hurting you in the most obscene places Let it be said, traders should trade and use their own judgement and opinions, if you agree or disagree with my analysis of the market then you and you alone will still need to make the choice of putting your money at risk with appropriate stops, i can not be responsible for any losses that come from my analysis. Questions can be e-mailed to: ewavenoufy@yahoo.co.uk

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Disclaimer – The opinions offered in this Blog, are mine and mine alone (with exception to ideas that are credited to others)

The opinions and analysis offered in this website/blog are just my opinions of financial and commodity and FX worldwide markets, and should be considered just that, opinions, I am not a registered financial adviser, or an accredited financial Guru or professional