See the daily chart of USDCAD below for the discussion that follows.
USDCAD is approaching an area of resistance. Should price get there, I will likely go short, if I see bearish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
