See daily chart of EURCAD below for the discussion that follows.
EURCAD formed a hammer on support. I will go long if I can get an entry a little lower (just for better reward to risk).
This current market environment is not easy to trade (for me at least)… still news driven, causing big swings either way. Be careful trading.
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.
Trading SOS SOS