June 23, 2015Daily Analysis

6/23 Analysis: +57 Pips Breakout EUR/USD ENTRY

At the NY open, we clearly have a strong USD (blue line) and a weak EUR (pink line) but we don’t see the steep lines on the far right indicating current momentum that would trigger an immediate entry.

What you can do in these situations is set pending stop orders 10 pips above or below the current price to take advantage of a breakout if it materializes. If it doesn’t, you’ll never enter the market and won’t risk anything.


So if you would place your entry order 10 pips below the open price, it would have triggered where I labeled BREAKOUT ENTRY and the momentum drove price down 57 pips from that point.

Watch the video analysis here:

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.