Sublime_Trading
Long

Indecision on The USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Last post: June 20th. See chart.

Review: Price had broken through and established a bull trend above the March high.

Update: Recent indecision in the market suggests the much needed pullback is a possibility.

Conclusion: Standing aside and letting price dictate a pullback or a trend continuation. A pullback is preferable.

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

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Very interesting post. If a pullback is preferred would this be traded using a pullback strategy?
Reply
@NadineHe, That is correct but as this is now going through a mini consolidation, a breakout will be the better approach.
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