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.
EURUSD Intra-day Pin Bar Off Key Level | July 18th
EURUSD – Intraday Pin Bar + Daily One As Well
Today the Euro fired off both a daily pin bar off the dynamic 20ema support, and intraday key level. Even though we’ve had 4 bear days in 6, the two bull days were large bull bars, while every bear close was a rejection to the downside, suggesting intraday the buyers are willing to step in and push it higher.
Also notice in the chart below the 1hr intra-day pin bar which then saw follow through buying that erased almost all the days losses. I’ll look for intra-day price action pullbacks towards 1.3072/80 area, targeting 1.3115 and a more sustained move towards 1.3145. A break below 1.3050 targets 1.3000/1.2975.
Make sure to check out my latest article on Rule Based Systems vs. Discretionary Systems Pt. 1.
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