Get ready to buy the GBPUSD -Market Analytics 25-26/03/2013

WIth the EUR moving into oversold region and having made significant profit trades today shorting it we move our interest towards buying the Sterling against the US dollar

Read about the Trend/Wave/Extreme system here.

GBPUSD (4-HOUR) Buy


Why Buy

  • A up trend line who is also acting as a support
  • Trend indicators are pointing up
  • Extreme indicators are pointing oversold, indicating an up correction which may be over

Note: wait for 2 up candles before buying, as the up correction may continue further

Here is how the rest of the Trend/Wave/Extreme indicators look like.

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.