See daily chart of AUDCAD below for the discussion that follows.
AUDCAD broke support this past week. Should we retest resistance (prior support), I will look to short if I get price action / candlestick confirmation as per my strategy.
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.