June 10, 2015Daily Analysis

6/10 Analysis: EUR/JPY +70 Pips

Today was another example where the indicator was showing us good trade set ups right at the London open.

The CHF is the strongest and getting stronger with a steep line up (indicating current momentum). The EUR is also strong with a steep line up. The JPY is the weakest and getting weaker with a steep line down (indicating current momentum).

  • EUR/JPY BUY

Using the breakout strategy that I teach, you would have been involved in this move up which totaled 70 pips.

  • CHF/JPY BUY

Using the breakout strategy on the CHF/JPY, this move was +30 pips. Now, this pair doesn’t move as much as the others which is another lesson you will learn from our Complete Currency Trader Home Study Course.

This indicator makes trading fast and efficient. It does not take a lot of time. You simply look at the indicator 5-10 minutes before the open and then place your pending breakout orders. That’s it.

Watch the entire video analysis below:

You can see that our Currency Strength Indicator is an effective tool for picking out the highest probability, lowest risk trade set ups while avoiding market conditions that aren’t favorable. If you keep using this tool every day along with our daily Forex analysis, you will increase your win rate and be on your way to becoming a profitable trader long term.

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James Edward
James Edward has been a successful Forex hedge fund manager & educator for over a decade. He founded Complete Currency Trader, a London based firm that has consistently trained individuals to become professional and profitable traders long term using the individual currency strength analysis methodology. CCT is an elite Forex educational firm and has a reputation second to none with over 90 positive reviews and an overall 4.538 out of 5 rating on the third party verification site Forex Peace Army. James’s affable personality, expert knowledge, notoriety for getting results, and steadfast dedication to his clients, has secured his position as one of the most trustworthy, liked, and in demand authorities in the industry.