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.
Weekly Price Action Setups & Key Levels | Oct 22-27
My Current Active Open Trades: EURCHF, CHFJPY, EURRUB, AUDUSD, FTS, TRP, REMX, XHB, FXo EURJPY, FXo EURPLN
NZDJPY – False Break at MT Key Resistance Followed by 200 Pip Sell Off (4h chart)
During the week, we saw a pre-breakout forming against the MT key S/R level mentioned in our member commentary last Sunday.
Initially this structure was followed by a breakout, which was only short lived as bears quickly pushed price back down below 80.50, followed by a 200 pip sell off, breaking through and closing below the minor ST support @ 79.30.
Congratulations to those that a) attacked this level with a stop wide enough or b) were able to successfully take advantage of the false break setup, …
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