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.
Euro Engulfing Bar Changes Intraday Outlook | June 19th
EURUSD – 4hr Engulfing Bar Post FOMC Meeting
After signals from the Fed it will likely start tapering soon, the USD gained massively hammering the Euro, Pound, and Aussie in the process. The pair formed a large bearish engulfing bar in the process, taking out almost 5 days of choppy gains closing below the 20ema. Intraday price action is bearish, so I’ll consider selling around 1.3381 which is a role reversal level that failed to hold the upside, so it should attempt to keep the bulls in check. Downside targets will be 1.3280 and 1.3200. A more aggressive level to sell would be 1.3333.
For those wanting to join the traders forum, get lifetime membership & more, visit my Price Action Course page here.
Also make sure to check out my latest article 2 Tips for Summer Forex Trading
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.