See daily chart of AUDCAD below for the discussion that follows.
AUDCAD broke support this past week. If we get a pullback to resistance (previous support), I will look to go short should I see signs of a reversal in terms of price action / candles as per my trading 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.