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Breakout-pullback

USDCAD Pulls Back to SupportLast post: June 22nd. See chart . 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
Long
by Sublime_Trading
4
Weakness on The GBPUSDLast post: June 10th. See chart . Review: Price had pulled back to a resistance zone and producing indecision candles, a good sign of exhaustion in the pullback. Update: Price has weakened over 100 pips today but a break and close of the pivot support is still required. Conclusion: Standing aside until the low of May is cleared for entry points into the bear trend. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
The USDTRY Finding Strength at SupportLast post: June Ninth. See chart . Review: Price had pulled back to pivot support where we wanted to see strength. Update: Price is showing signs of strength with 2 potential bullish bars in a row. Conclusion: Continuing to stand aside until the pivot high of May is cleared before adding further long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
A Potential Double Top on The TRYJPY?Last post: June 2nd. See chart . Review: The bears had resumed control of the market from resistance but a break below pivot support was needed. Update: Price has pulled back to the same key resistance which we want to see hold strong and form a potential double top. Conclusion: A waiting game now as we let price dictate a clear trend direction. The odds are still very much with the bears. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
by Sublime_Trading
The EURUSD in Resistance ZoneLast post: June 4th. See chart . Review: Price was faced with a strong support zone on the weekly time frame which led to the pullback seen on the daily time frame. Update: Price has continued to pullback deeper into a resistance zone. Conclusion: Continuing to stand aside until a clearer trend direction presents itself. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
Pullback on The GBPUSDLast post: May 23rd. See chart . Review: Price had established a bear trend below the daily 200sma. Update: Price continued to weaken but has now pulled back to a support-turned-resistance zone. There is still further room for the pullback to continue. Conclusion: Standing aside until the low of May is cleared or a better pullback opportunity presents itself to enter short positions. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
Price Moving back to Support on The EURTRYLast post: June 2nd. See chart . Review: Price had bounced off support and the bulls were looking strong again. Update: The bull revival was short-lived and the bears are now taking price back to support. Conclusion: We would like to see a reversal chart pattern and for the bull trend to continue. Patience needed for now. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
The USDTRY back at SupportLast post: June 3rd. See chart . Review: Price had bounced off support and the bulls were very much in control but some distance off a breakout. Update: Price reversed and the bears have pulled price back to the same pivot support level forming a potential double bottom. Conclusion: Continuing to apply patience until the May high is cleared. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
Bulls Moving Price on The USDTRYLast post: May 25h. See chart . Review: The bulls resumed control of the market following a volatile day in the market. Update: This was short-lived as the bears came in strong and pulled back to a pivot support zone where price has bounced to the upside. Conclusion: Applying patience until the high of May and the major round number 5.0000 is cleared. Will then consider more long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
Resistance Holds Strong on The TRYJPYLast post: May 25th. See chart . Review: Price was continuing to weaken as the bears remained in control of the market. Update: Price pulled back to resistance and the bears are now back in control with good weakness towards the end of the week. Conclusion: A break and close below the draw-in pivot support is still required and ideally in the form of a bear flag. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
Round Number Holds Strong on The USDSEKLast post: May 20th. See chart . Review: Price had found support and the bulls were back in control of the market. Update: The bulls remained in control, taking price through resistance but this week has seen price fail at the round number 9.0000. Conclusion: Standing aside for now until the round number is confirmed as support before considering long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
1
Strength on Brent Crude OilLast post: May 27th. See chart . Review: Price is in a bull trend but was pulling back after finding resistance at $80. Update: Price has found support at a pivot level and we have seen strong bullish action today. Conclusion: A potential bull flag is possible but need a break and close above $80 and the May pivot high to confirm that. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:UKOILLong
by Sublime_Trading