8/25 Analysis: Easy Profits (after the market settled down)
At the London open, the market is a choppy mess and we don’t see any clear patterns.
If we fast forward about 11-12 minutes into the session, we see this:
Now, you can see the divergence we look for as the AUD is strong and getting stronger with current momentum in the market indicated by the steep line to the far right. The CHF is weak and getting weaker with current momentum in the market indicated by the steep line to the far right.
This pattern allows us to enter immediately with a market order.
- AUD/CHF BUY
Worst case scenario, if you would have entered at the very top of the price bar once momentum showed up on our indicator, price went in your favor over 40 pips from that entry point.
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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