Back to the good old days of intraday volatility
Well here’s hoping at least. Price action over the last 24 hours has really taken me back in time. We had wild swings up and down in virtually every pair and we were spoilt for choice regarding which pairs to trade. The main questions for me were regarding the USD and the JPY crosses but it was less about picking overall direction and more about trading the big intraday swings.
During the Asian session, AUD/USD and AUD/JPY look like the pairs to be trading whilst during European trade you can substitute the EUR or GBP for the AUD. The CAD comes into the reckoning during North American trade and there is plenty of volatility to please everyone.
Risk-reward and recent trends suggest to me that there could be more downside potential in the JPY crosses but I’m keeping an open mind. Good luck today and TGIF.
“Whenever I think of the past, it brings back so many memories.” 🙂