I’m going to make it easy on you folks … sell the rallies on the Aussie, euro, and pound, and buy the dips on the loonie (a.k.a. Canadian dollar).

We’ve had quite a fall-off in the first three, and the USD/CAD
is on the rise (read, the loonie is softening due to weak fundamentals). We have put in a 1-2-3 bottom on the weekly and daily charts, MACD is strong there, and the 200 EMA is trending up on the hourly. I am personally heavily committed to this pair, and have a lot riding on it. I see the Aussie and loonie as representing good position trade opps., as they are in the early stages of their moves.

Study Gary Gray’s module on position trading in the members area at forexmentor.