100 pips profit buying the USDCHF (22.06.2013)

On Thursday (20.06.2013)  a trade opportunity to buy USDCHF was spotted using the Trend/Wave/Extreme indicator.  We see how this trade earned us 100 pips profit.

Read about the Trend/Wave/Extreme system hereusdchf 20.6.2013 update

Initially when we posted the trade suggestion, we posted that as the pair was not in oversold region yet, you should wait a bit before buying.  We waited for the second consecutive up candle to appear as per Trend/Wave/Extreme system entry rules and then the pair sore by 100 pips.

Not only successful trade but entered at the exact right time

Only moved up. 100 pips in less than a day

Be right at the right time

GET YOURSELF THIS AMAZING INDICATOR. YOU ONLY NEED ONE $UCCESSFUL TRADE TO COVER THE COST OF THIS INDICATOR.

Here is the initial setup.

USDCHF (4-HOUR) BUY

usdchf 20.6.2013

Why Buy

  • Trend (long term) indicators are pointing up
  • We see a reverse head and shoulders pattern evolving
  • The pair is currently under a down correction
  • The pair is currently finding support at the 38.1% fibonacci retracement level

Note: As extreme indicators are still pointing overbought be a bit cautious with this trade and set stop loss. May have to wait a bit before entering to ensure it does not move lower.

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.