See daily chart of CADCHF below for the discussion that follows.
CADCHF broke above resistance this past week. Should we get a retest of this level (resistance turned support), I will look to go long if I get bullish price action / candles as confirmation (according to 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.