AUDUSD sell 09/05/2013 success follow up

What a great trade that turned out to be.

The Trend/Wave/Extreme system strikes once again.

This trade earned 180 pips in less than half a day moving in a straight down line.

audusd major succes

Read about the Trend/Wave/Extreme system here

Here is the initial trade suggestion as posted here .

AUDUSD (4-Hour) Sell

Why Sell

  • A continuous down trend line
  • A falling trendline acting as a resistance which keeps holding
  • Trend (long term) indicators are pointing down
  • Extreme indicators are pointing oversold
  • The pair completed a 100 pips up move correction, hence the up move may be over