July 7, 2015Daily Analysis

7/7 Analysis: 2 Quick & Profitable Breakout Trades

When we do our initial analysis, we can see the JPY (yellow line) is the strongest followed by the USD (blue line). The EUR (pink line) is clearly the weakest.

However, we don’t have current momentum in the market (if there was, the lines would be turning steeply in the direction of the current trend).

So because there is no current momentum, we would put a pending sell 10 pips below the price so that it will trigger if the trend continues and if not, our order would not be executed and we’d have nothing at risk.


Today, the trend did continue and you can see where the order was triggered. This pair went down over 30 pips in our favor very quickly.

When you watch the entire video analysis below, I’ll show you a similar result on the EUR/USD SELL:

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.

Share this article

  • Facebook
  • Google Plus
  • Twitter
  • Add to favorites
  • Email

Learn to Trade from Top Traders

Join the CCT community and get FREE, unlimited access to all of our trading resources from top hedge fund managers and pro Forex traders around the world.

Join Now
James Edward on youtubeJames Edward on googleJames Edward on facebook
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.