See daily chart of NZDCAD below for the discussion that follows.
NZDCAD is currently testing an area of resistance and is showing indecision. I would like to see price moving a little deeper into this area before I will consider to short….that, in addition to price action / candlestick confirmation as per my strategy.
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.