See daily chart of GBPCAD below for the discussion that follows.
GBPCAD broke resistance this past week. I’m looking to buy on a retracement to support (prior resistance)… this is if I get confirmation in terms of price action / candlesticks as per 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.