Buying the EUR/JPY (25/7/2013)

EURJPY buy 25.7.2013

 

A good opportunity to BUY the EUR/JPY pair.

 

Today we are feeling very generous. After our other 2 successful trades to Buy NZD/USD and sell USD/CAD we are now seeing how our  super awesome Trend/Wave/Extreme Mini Indicator tells us there’s a good Buy situation is coming.

NO COMPLEX LINES AND SHAPES. JUST 3 BARS AND COMMENTS. THAT IS THE ONLY INDICATOR YOU WILL NEED

  • the extremes are in the oversold area
  • there’s a strong upward trend both in terms of chart pattern and the Trend Bar nearly fully filled to the upside.

Seems like a downwards correction has been NEARLY completed and  is ready to rise again. WAIT FOR THE 2 CONSECUTIVE UP CANDLES BEFORE BUYING.

ALWAYS PLACE A STOP LOSS!!

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.