July 22, 2015Daily Analysis

7/22 Analysis: Quick Breakout Profit

At the NY open, we have a strong GBP (red line) but it’s turning back down. On the weak side, we have the AUD and NZD but neither of those currencies have any current momentum to the downside.

However, if we fast forward a bit into the session, here is what the indicator looks like:

072215 NY Trade1

Now, the GBP has a steep line up indicating current momentum and the NZD has a steep line down.

  • GBP/NZD BUY

072215 NY Trade1Result

If you were to place your pending stop order 10 pips above the opening price, you would have been triggered as price moved 52 pips in your favor.

You can 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.