Good Day Traders, I hope all is well.
These are my thoughts for GBP/CAD.
After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure.
Advice:
Stop trying to always being right. I myself have lost countless trades out of pure stubborness. The markets are always right. When you are wrong , cut your losses. Theres no point holding a trade in hope it may reverse in your direction eventually. Get out and look for a better opportunity.
I wish you all a splendid day.
Lets make this shmoney!
#Forexprodigy
These are my thoughts for GBP/CAD.
After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure.
Advice:
Stop trying to always being right. I myself have lost countless trades out of pure stubborness. The markets are always right. When you are wrong , cut your losses. Theres no point holding a trade in hope it may reverse in your direction eventually. Get out and look for a better opportunity.
I wish you all a splendid day.
Lets make this shmoney!
#Forexprodigy