AUDUSD – Large Corrective Structure | Jun 23

Attention Traders: Want to Change the Way you Think, Trade & Perform?

I’ll be doing a two-day live trading seminar July 11th/12th in Singapore.

If you are in the Asia Pacific region, this is a must attend event as I’ll be teaching things I’ve been building for years.

Seats are limited! We’ve already sold a dozen in the first half day, so make sure to reserve your seat.

AUDUSD – Large Corrective Structure (4hr chart)
For the month of June, the AUDUSD has been in a large corrective structure and channel between 76 and 7850 with 2-3 touches on each side.

I’m suspecting with the low liquidity and summer trading months, this channel should hold so will be looking to sell at the top of the channel.

A daily close above this channel would negate that bias, but downside I’d be looking to target 7700.


Have trouble maintaining discipline in trading? Read this article Discipline = Freedom + Success

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article

  • Binary Boy

    Hi there may i know what are he Moving Average you use is it EMA or Simple

    • Chris Capre


      Hope this helps