Selling the EUR/USD (09.07.2013)

Selling the EURUSD (4Hrs)

Selling the EURUSD (4Hrs)

EUR/USD has been on the downward road for a few days and it seems that it will continue to do so.

The correction seems to have come to its end, which gives us the opportunity to SELL the pair!

Reasons to Sell:

  • Strong downward trend
  • Trend (long term) indicators are pointing down
  • Extreme indicators suggest that it’s overbought

Before you place any trade, WAIT  until 2 consecutive bearish candles are formed.

That is why our super duper indicator says NOT FULLY CONFIRMED YET!

Be patient, don’t be greedy, and always place a Stop Loss.

A good trader is a smart trader, NOT a gambler.

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.