USDCAD Pulls Back to Support Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 2, 2018 5:20 PM

Last post: June 22nd.

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Review: Price was suggesting indecision and a possible pullback in the bull trend back to retest resistance-turned-support.

Update: Price did indeed pullback and is today suggesting a possible I B setup.

Conclusion: We will wait for the daily closing price and then let our community know if a pullback setup is appropriate or we need to wait for the BO.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

Sublime Trading

Comments

ishwor7

⋅ Jul 4, 2018 1:32 PM

is it posssible to trade as link below

ismatradingandinvestment.blogspot.com/2018/07/v-behaviorurldefaultvmlo.html

Sublime_Trading

⋅ Jul 4, 2018 2:16 PM

@ishwor7, We recommend staying away from any form of trading that involves lower timeframes. It is inconsistent, stressful, time consuming and no where near as profitable as advertised unless you over risk. And that will eventually lead to a blown account. Slow, steady and thinking long-term using compound growth will return you life changing profit on your account.

NadineHe

⋅ Jul 4, 2018 8:21 AM

What is an IB setup?

Sublime_Trading

⋅ Jul 4, 2018 2:13 PM

@NadineHe, IB stands for Inside Bar and is when the current bar is totally inside the previous bar. It can be used as an entry for a pullback when at S/R. I will post more on this in our community.