Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
Gold – Pullback Held After 2 Bar Reversal
After bouncing heavily off the 1269 yearly lows from the large engulfing bar & false break + live trade we talked about last week, the precious metal climbed to 1305 forming a small pin bar signal on the 4hr chart below. After selling off from this pin bar setup, the PM found a bid at 1287, almost forming another engulfing bar.
You’ll notice the 2 bar reversal pattern on this last bounce is similar to the one off 1269 (just a tad smaller). Either the smaller 2 bar reversal suggests buyers are having less of an impact, or the higher low is hinting the bulls are willing to step in at a …... Keep reading