See chart of GBPCAD below for the discussion that follows.
GBPCAD broke resistance this past week which hopefully also ends a consolidation period. If price can retest this area and prove it as support in terms of candlesticks I will be looking to go long.
AUDCAD (from last week’s post) did get a bounce and is currently stalling. Lets see where it goes from here. I decided not to get involved because of NZDCAD (mentioned in last week’s post) that I’m already in.
Remember to always have your own trading plan and never follow anyone blindly. Always know where and when you’ll be proven wrong on any trade and have stops in place. Honor those stops and never ever 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.
Thanks and Regards,
Trading SOS SOS