Thursday, January 3, 2008

Trade Analysis

Trade Analysis for 4Ath January 2008

USDCAD

The monthly and weekly chart has been showing a down trend for quite some time now and though the daily has been on somewhat of an uptrend, I believe that this will not persist. What I'm waiting for now is a 5/8 cross on the 4H to enter my short positions.



Looks like the cross is gonna come soon!

GBPJPY

The GBPJPY dropped a huge lot of pips yesterday and today, it seems like a doji would form on the daily chart. Will look to go long tomorrow if there's a H4 cross!


EURUSD

Just one focus for tomorrow. The 1.4750 level. If it gets breached convincingly, I'll go long. If it rebounds and there's a H4 5/8 cross, then i'll do the opposite.

GBPUSD

Divergence on the H1. Will look out for any 5/8 crosses on the H4.


Hope tomorrow will be a great day!

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