See daily chart of NZDCAD below for the discussion that follows.
NZDCAD has been making lower lows and lower highs for a while now. If price bounces to resistance (prior support), I will likely go short if I see bearish candlestick price action.
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.
