115 pips profit selling the USDCHF (10.06.2013) update

usdchf 10.06.2013 afterOn Monday (10.06.2013) we pointed a sell trade on USDCHF following an up correction in a down trend

Read about the Trend/Wave/Extreme system here

We made 115 pips from this trade in continuous down moves of candles.

Make sure to test the Trend/Wave/Extreme system here that helped us with this trade.

Here is the initial trade setup

USDCF(4-HOUR) SELL 

usdchf

Why sell

  • A continuous down trend line
  • Trend (long term) and Wave (short term) indicators are all pointing down
  • None of the Extreme indicators are pointing oversold
  • Two consecutive down candles formed

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.