See daily chart of AUDCAD below for the discussion that follows.
AUDCAD is close to an important support level. I’ll consider a long here if I see the relevant price action / candles as per my strategy.
Important support and resistance levels have been broken left, right and center recently… I’m still not overly eager to trade in this environment. Be careful out there.
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.
Thanks and Regards,
Trading SOS SOS