Tag Archives: low risk trade ideas in currencies

Elliot Wave Analysis of GBP/JPY

Posted on December 4, 2008 by Ramki

The Sterling Yen cross has been a big mover in recent weeks, because not only the Pound got thrashed, but the Yen also strengthened simultaneously. Naturally, traders hop on board any trend that is clear! Here is you chart on Sterling Yen (GBP/JPY) with Elliot wave counts and comments Continue reading →

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Counting Elliot Waves in USD/CHF

Posted on November 23, 2008 by Ramki

A reader has asked about a possible fifth wave extension in USD/CHF. (refer comment by Dolphin). We are currently trading at 1.2217. I see some solid supports at 1.2000 levels and tehn some more at 1.1850 levels just now. These supports could only move higher as we stay better bid on the dollar. Continue reading →

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Posted in Chf | Tagged , , , | 4 Comments