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.
My Current Open Active Trades: CADJPY, NZDJPY, XAUEUR, TSLA, VXZ & 2 Vanilla FX Options (EURJPY & AUDUSD)
USDJPY – Volatile Corrective Structure, Looking to Sell (daily chart)
After the USDJPY formed a corrective structure around 105.63, the pair broke down and sold off impulsively towards a yearly low around 103.50. For now the pair is in a volatile corrective structure but should see bearish pressure remain in play.
I’m looking to sell and am watching the price action to sell on strength. 105.63 should act as a key role reversal level and be the first major layer of defense for the bears. Only a daily close above 108 negates my ST & MT bearish bias.
GBPJPY – Bearish While …... Keep reading