Currency Strength Indicator Debut! Last night, the pound and the euro were extremely hot!

Hello!
This is Nobushi.

I also posted on X (@nobushi_fx), but last night the European currency was a very attractive target.

The currency strength indicator “CP_strength” showed the following values.

（The numbers in the lower left of the chart are the CP_strength values）

It's late at night in Japan time, but the pound’s value rises to 100, while the yen is around -100 in contrast.

When the strength gap is this large, it creates an easy-to-target environment.

It is said that 70-80% of trading is determined by the environmental awareness up to entry.

I think the key to remaining profitable in the long term is to trade in such clear and highly advantageous environments.

My trading history spans over 10 years, but I have been doing mostly just this.

① Use a point where currency strength difference is large as the entry point (strongest currency 50 or more or weakest currency -50 or less)

② Under that environment, look for pullbacks or reversals (for example, pushing up near moving averages, candlestick patterns that appear opposite to the trend direction)

③ Exits quickly on the short timeframe: 5-minute chart recommended; avoid times of economic news releases

④ Decide the stop-loss level before entry: target profit range about 1.5–3 times your expected profit

The currency strength indicator ishere