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.
Chris Capre’s current price action and ichimoku trades: EURUSD, GBPUSD, USDMXN, BIR, TLS
GBPUSD – Pre-Breakout Structure @ Key Support (Daily chart)
Price Action Context
Trading within a well-defined corrective structure preceded by strong selling from 1.43 and recently, a PBO structure has started to form towards the support.
LT bias bearish since the break below 1.36 and bears interested can look for potential continuation trade opportunities on a pullback towards the top of the structure or break below the key support zone, with the second scenario looking more likely to manifest atm due to the PBO structure that is forming towards the support.
Key Support & Resistance Zones
R: 1.3240 – 1.3370
S: 1.2660 – 1.2725
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