See weekly chart of GBPCAD below for the discussion that follows.
GBPCAD seems to be rejecting weekly resistance, printing 2 shooting star-like candles in the past 2 weeks. If price can retrace to around 50% of the last candle I will look 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 / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
