See daily chart of GBPCAD below for the discussion that follows.
GBPCAD broke resistance this past week. I will consider a long if price retests the support area (prior resistance) and I get confirmation in terms of price action / candlesticks that it wants to go higher. Ideally price rallies a bit more before the retest.
EURNZD (post from last week) never gave me a reason to enter and moved lower instead. It is approaching other support areas, I’m just watching for now.
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.
Thanks and Regards,
Trading SOS SOS