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 currently have active trades in the following instruments: USDJPY, XAUEUR, CADJPY, TSLA, NZDJPY, USDMXN, CHFSEK, GBPUSD, USDSGD, USDCAD, 2 vanilla options and VXZ
USDJPY – Second False Break Setup in Profit (daily chart)
For the second time in about a month, the USDJPY has formed a false break setup at the 110.90 key role reversal level. I’m currently short at 110.84 with about +430 pips of profit at the moment on 100 pips risk, so +4R at the moment with profit locked in which you can see below.
For now I’m maintaining my bearish bias while the pair is below the 111.45 figure on a daily closing basis. I’m expecting some profit taking from bears around the …... Keep reading