Today’s Trade Ideas:
4-hour chart for USD/CAD going back a whole year - the sideways range is obvious. (See below).
However, we are in a 3-month bull trend & have broken above a 3.5-year trend line so I will attempt longs on a pullback.
AUD/JPY is very much stuck in a 3-week channel from 9450/40 up to 9580/9600. (See chart below).
AUD/USD has mostly been sideways for 2-months in a longer-term bear trend so I am happier selling at resistance.
GBP/JPY stuck in a range from 181.50/30 up to 183.50 for 3 weeks and a greater sideways range for 4 months – see below.
GBP/CAD ranges from 1.6630/20 up to 1.6790/1.6810.
GBP/USD is in a 3-month bear trend so I have sell levels on the sheet
