August 4, 2015Daily Analysis

8/4 Analysis: Quick Profits At NY Open

At the NY open, we see the GBP (red line) is the strongest currency although there isn’t much momentum in the market.

On the weak side, even though the CHF (turquoise line) has been the weakest, it’s been flat for over 60 minutes. The NZD (purple line) has been getting weaker steadily over the same time period and therefore would be the one I’d choose to pair against the GBP.

  • GBP/NZD BUY

If you were executing our breakout strategy, your pending buy order would be triggered 10 pips above the NY open price.

Within 10-15 minutes, price moves up to your profit target of 20 pips.

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.