See daily chart of CADCHF below for the discussion that follows.
CADCHF is approaching an area of resistance. If I get bearish price action / candles at this resistance, it will be confirmation for me to 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 advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.