See daily chart of AUDCAD below for the discussion that follows.
AUDCAD broke resistance this week. If we get a pullback to support (resistance turned into support), plus bullish confirmation in terms of candlesticks / price action, I will consider going long.
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 advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.