EURAUD sell 25/03/2013

Today (25.03.2013) the Trend/Wave/Extreme system spotted an opportunity to Sell the EURAUD. This was shared on the post here and can be seen bellow.

 

Why Sell

  • A down trend pattern
  • Trend indicators are pointing down
  • Extreme indicators are pointing overbought, indicating an up correction which may be over

Note: wait for 2 down candles before selling, as the up correction may continue further

Bellow you can see the outcome.

We shorted the pair around 1.2460 when two consecutive down candles appeared. After that it moved 150 pips in a straight line making us a quick and no  stress profit trade. 

Another perfect trade targeted by the Trend/Wave/Extreme system. 

Check out this great system here.