See daily chart of GBPCAD below for the discussion that follows.
GBPCAD broke resistance this past week. I will likely go long if price retraces to support (prior resistance) and I see bullish price action / candles (confirming the support).
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.