See daily chart of CADCHF below for the discussion that follows.
CADCHF broke resistance this past week. If price moves back to support (prior resistance) and I see bullish price action / candlesticks (as confirmation), I will go 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.