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.
USDCAD – Completes False Break Setup | Jun 22
USDCAD – Bounces Higher from False Break (4hr chart)
Completing our false break setup that we’ve discussed prior, the USDCAD pulled back today into the 1.2220 support area where the prior consolidation occurred from the false break. The pair immediately shot higher and attacked 1.2325 which is just below our first resistance zone.
For now the pair faces an interesting test between 1.2325 and 1.2366 which is a pretty stiff resistance zone from recent PA.
Currently I’m neutral with a slight bullish tune ST while above 1.2220. A break back below here targets 1.2125.
Read my latest article on Trade Management & Cutting Losses
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.