DailyFX Forum - View Single Post - Elliot Wave Trading

		DailyFX Forum
Sidebar Wrapper

1,054 Users Online

Thread: Elliot Wave Trading

View Single Post

#4480 (permalink)

03-05-2008, 06:16 PM

justy10125 justy10125 is offline

Member

Join Date: Dec 2007

Posts: 1,625

justy10125 is an unknown quantity at this point

Eur/jpy

Here's another chart of the JPY crosses supporting another little move higher in AUD/JPY. This one is the EUR/JPY. One more high is required to complete wave 'C' of the wave two correction. This upcoming wave three will be a nice trade as well with a target of 885 points (161.8% Fibo).

Happy Trading.

Attached Images

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.