Hey guys,
After two weeks the analysis is finally back and I have added analysis for a new pair. At first I chose GBP/USD but a few days ago I changed my mind and went for USD/CAD. This pair is in a kind of trial period so I will only be entering a fraction of my normal position on it. I am going to be very cautious with USD/CAD over the next few weeks and if you’re trading it based solely on my analysis you should be careful too. Anyway watch the video below for the detailed analysis!
Oh an remember Forex4noobs has a new FREE Forex chatroom. Every London session the room is full with 50+ traders. I am in there every London session answering questions, doing analysis, and entering trades (if there are any). The room is not only about my method, there are other methods used and pips are made just about every day. So come in and check out the room this London session, here is the link: http://forex4noobs.inetcommunicator.net/?p=0
If you find this article useful vote for it on freshpips and let others know about it: http://www.freshpips.com/Technical/Analysis_for_GBPJPY_Wk_Strt_150608/
Podcast: Play in new window | Download
{ 8 comments… read them below or add one }
Great to have you back thanks , great idea the next pair
Thanks for the analysis Nick.
It was, however, good to get weaned off of your analysis and do the work myself.
That was the longest two weeks I’ve experienced this year. Glad your back on the blog.
Looking forward to the new week and a new pair. Thanks for all you do for us Nick
Hope you enjoyed some time off.
Now that you are back it will be great to have you once again
share your valuable analysis.
I am not so sure about the USD/CAD but I am interested to see how that works out.
Good 2nd pair Nick – I had some trades from that last week.
Out with 80 pips on first half. Second still open. Great trade!!!
Cheers Nick!!!
i wouldn’t bother with the USD/CAD. the average daily range is only 43. it is a slow mover. the GBP/CHF is a much better pair to trade