200 pips success selling AUDUSD/NZDUSD. Waiting to short again(23.05.2013)

Two days ago on the post that can be found here, we recommended buying the US Dollar and more specific selling the AUDUSD and NZDUSD as their setup was picked up by the trend wave extreme system.  Eventually this trades brought us profits of 200 pips and 150 pips as it can be seen in the pictures bellow.

Read about the Trend/Wave/Extreme system here

This is the 3rd successfull trade in a row we posted using the  Trend/Wave/Extreme system.

audusd 23.05Check original trade setup here

nzdusd 23.05Check original trade setup here

If you missed the trade you may have another chance to sell them again.

AUDUSD/NZDUSD (4-HOUR) Sell Pending

  • Their trend pattern remains down
  • Trend (long term indicators) are still pointing down
  • The pairs have recovered more than 61.8% of their down move.
  • Wait for two consecutive down candles to form before selling to avoid any reversals occurring

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.