Selling the GBP/USD (10.07.2013)

GBP/USD 4Hrs 10.07.2013

GBP/USD 4Hrs 10.07.2013

Today we are spotting a good opportunity to SELL the GBP/USD pair.

Our awesome indicator tells us there’s a good sell situation forming and it seems like it since:

  • the extremes are in the overbought area and
  • there’s a strong downward trend.

The correction is about to come to its end and therefore, the downward slide will begin soon and as Aerosmith says “we don’t want to miss a thing”, right?

But before you start rushing to place a trade, WAIT until 2 consecutive bearish candles are formed aaaand

 

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.