See daily chart of NZDCAD below for the discussion that follows.
NZDCAD broke support this past week. If we get a a retest of this area and I see bearish price action / candlesticks (as per my strategy), I will consider going 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 advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.