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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