NZD/USD Perfect Buy Approaching (29/7/2013)

nzdusd perfectbuy 29.7.2013 beforeHere is a good opportunity to BUY the NZD/USD once again after it corrected from its uptrend.

Read about the Trend/Wave/Extreme system here

Four days ago as it can be seen in this post  our awesome Trend/Wave/Extreme Indicator told us there’s a perfect BUY NZD/USD opportunity and made us 150 pips.

The NZD/USD is being generous to the people who defied the previous signal and has now retraced significantly from its uptrend making it a potential BUY opportunity.

  • the extremes are in the oversold area as seen in the Extremes Bar
  • the Trend Bar is green filled pointing an Up-Trend
  • There’s a strong upward trend chart pattern with a trendline acting as resistance

Seems like a downwards correction is close to completion and  is ready to rise again.

NOTE: Wait for a second up consecutive candle before buying as this is not a perfect buy signal yet.

ALWAYS PLACE A STOP LOSS TO PROTECT FROM REVERSALS.

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.