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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