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