See daily chart of EURCAD below for the discussion that follows.
EURCAD is approaching resistance (previous support). I’ll consider a short if I see bearish candlestick price action (confirmation) in this area.
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.