Buy setup on CHFJPY(26/08/2014)

A buying opportunity appeared on the CHFJPY pair.

CHFJPY (H4) BUY

CHFJPY

The Trend/Wave/Extreme mini indicator is showing us

  • The Trend Bar is Green filled pointing UP Trend
  • Wave and Extreme Bars are Down Oversold pointing a down correction that may be ending
  • A very solid Up trend line.
  • Two consecutive Up candles

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.