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.
In the current environment with the Euro getting punished across the board against every major currency and likely even the Iraqi Dinar, as traders we want to be taking advantage of these environments by getting short and staying short. However, there are times when the short term moves day traders like to take advantage of in these strong sell-offs communicate something different that we do not want to keep adding on shorts to a current downtrend or move. This is often found two simple price action formations called the ‘Piercing‘ & ‘Outside‘ formations. We will go over both so you can recognize them, learn what they mean from a price action perspective and how to relate …... Keep reading