June 15, 2015Daily Analysis

6/15 Analysis: 2 Breakout Trades On London Open

Right at the start of the London open, you can see the EUR (pink line) is the strongest currency and getting stronger with a steep line up indicating current momentum in the market. The USD (blue line) is the weakest currency and getting weaker with a steep line down.

Also note the JPY (yellow line) is weak and getting weaker with a steep line heading down.

  • EUR/USD BUY

This move was 33 pips from the start of the London market when we identified the momentum in the USD and EUR currencies.

Now, we had also identified the JPY (yellow line) as being weak with a steep line down indicating momentum. So let’s look at another trade possibility.

  • EUR/JPY BUY

This move was over 50 pips because it’s a pair that is generally more volatile.

Watch the entire video where I’ll show you how to avoid a bad trading condition on the 2nd most poplar pair among amateur traders:

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.