EURJPY has been on a steady downtrend for a while now, moving easily off of the top and bottom channels to make a perfect downtrend.
BE CAREFUL, as there was a lot of bullish momentum, however I do believe that the 61.8 retracement aswell as the top-of-channel resistance is a good indication of a potential 100-120 pip downward spike.
Note: I am a new trader,...
GBPCAD seems like it is in a solid position to move in either direction.
My idea is to wait for a solid price action indication that it will either move down, or move up (as indicated)
NOTE: I am still learning, do not use my ideas as a sole basis of your trades. I am looking for criticism, so please feel free ^_^
I published a long term (W) Idea saying short, however I think that short term this pair could go long.
Please do not use this as a reason of entry, as I am a new trader and am simply looking for help with my technicals.
NOTE: I am a new trader, please do not use my analysis as a reason of entry, this is simply my idea that I am looking for criticism on :)
Long term idea for GBPUSD, I'm going to be waiting for confirmation of this trend, then I will entry.
Please feel free to criticise or help me with my analysis.
