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.
After rejecting off the lows on friday forming an intraday pin bar setup, the Euro has built up small gains, but has done so via corrective price action telling us the buyers are not coming in any strength. Usually, this type of price action leads to a more impulsive sell off in the near future so I am looking to sell any rallies.
A good level I would look for an intraday short would be around 1.2360 which was a SL (swing low) point in the most recent sell-off before the pair consolidated. This should act as a gravity point for the market to pull back to so will look for price action triggers here.
For more info on …... Keep reading