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 trades: EURUSD, NZDJPY, FXo EURJPY, FTSE100, REMX, BIR
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USDCHF – Major LT Support Broken, LT Bearish Bias (Weekly chart)
The USDCHF has broken through a major long term support zone, which now should act as resistance on pullbacks, offering potential trading locations for LT bears. While below this structure, this puts the price action context into a bearish bias short and medium term.
To the downside first solid resistance starts coming in @ 0.9150 IMO whilst a strong close back above 0.9550 would put 0.9750 back on the radar.
By and large, we are bearish on the USD. Although …... Keep reading