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 | Nov 12 - Nov 17
Chris Capre’s Current Active Open Trades: USDCHF, EURCHF, CHFJPY, EURRUB, AUDCAD, FTS, TRP, REMX, FXo EURJPY, FXo EURPLN
ASX 200 – First Weekly Close Above 6000 Since January 2008 (Weekly chart)
After being confined within a tight LT range for 20+ weeks this year, the bulls emerged as winners from this battle as we had our first weekly close above this price level (since Jan. 2008).
If the price action stabilizes above this level, weak pullbacks can provide bulls potential with-trend trading opportunities, with next resistances waiting at 6150 and 6350 in extension.
If on the other hand we see a fast move back below the level we’re most likely looking at a false break.
Stay tuned for to the …
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