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.
*Note: I am back from a week vacation so expect a full week of articles and market updates.
After selling off for the first half of last week, the pair formed a similar ‘final flag‘ pattern approaching the 1.2800 barrier, this time a smaller version of the prior one, before forming a pin bar rejection to bounce and end the week. Short term the pair is stuck in a relative range between 1.2821 and 1.3054 so watch for intraday price action triggers at these levels. If 1.3054 breaks, a test of 1.3150 is up next where we had a double top on Sept. 17th. If 1.2800 breaks, then a possible deeper unwinding to 1.2651.
Stuck in …