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 Price Action – Higher Low + Pin Bar | Jan 12
EURUSD – Higher Low + Pin Bar = Building Base (4hr chart)
Although still in a bear trend, the Euro has formed a higher low + pin bar, suggesting its attempting to build a legitimate base and rally. Short term the USD is looking at tad overstretched and may need some solid profit taking and squaring of the books before sellers re-emerge.
For now I’m bearish medium term while neutral short term as we have more of a two way market. 1.1875 is key resistance short term for bears which they’ll need to hold to bring in fresh shorts. Taking this out means 1.1950 is on deck and bulls are taking more control of the order flow short term.
Also in the members trade setups commentary, we cover the USDCHF, USDCAD, Gold & WTI. Click here to become a member.
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.