See daily chart of AUDCAD below for the discussion that follows.
AUDCAD reversed around an area of resistance yesterday (Friday). If price can retrace around 50% of this candle, I will likely go short.
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.
