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 – ST Bearish Bias Below Key Resistance Zone | Jun 11
USDCAD – Resistance Zone Holding for Now (4hr chart)
Yesterday in the members trade setups commentary, we also talked about being bearish on the USDCAD looking to sell inside the key resistance zone between 1.2315 and 1.2375.
The pair like the USDJPY spiked into the zone forming a pin bar rejection thus far, showing the zone is able to hold (at least for now). We’d like to see impulsive selling from here to further demonstrate this ST bearish bias.
If the zone holds, 1.2225 should be under attack and then 1.2050. Only a daily close above this zone negates my ST bearish bias.
Read my latest article Trade Management & Analysis On A Losing Trading
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.