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.
My current active open positions: EURUSD, USDJPY, USDCAD, AUDCAD, AUDNZD
EURUSD – Corrective Pullback But Building (daily chart)
Last week as we anticipated, the Euro continued to build while holding above the key 1.0515 RRL on a daily closing basis. Price action last week made it up into the high 1.06’s stopping out any pin bar traders who sold the bogus 50% retrace tweak entry.
The overall price action context is bearish MT while ST the pair is building (albeit in a corrective pullback structure). Bears will need to have a daily close below 1.0515 on a daily closing basis to put pressure on the yearly lows around the mid 1.03 handle.
In the meantime, should the pair make a …... Keep reading