Forex Trade Signals and Setups Nov. 29th

GBPUSD – Building a Base
After selling off heavily from 1.6100 – 1.5425, the GBPUSD seems to have found a short term base in with two higher lows and higher highs shown in the chart below. Price Action is holding nicely above the 20ema which it has not done since the 18th of Nov.  Recent price action has shown more impulsiveness in its upside moves then in selling off.   Look for pullbacks sub 1.5550 for possible entries to go long while watching for resistance at the daily 20ema around 1.5700.  Should it get past here, then 1.5900 should follow shortly after.

price action chris capre https://2ndskiesforex.com

Remember to leave us your comments which are always appreciated, and also to click the ‘Like’ and ‘Tweet’ buttons below to share it. 

For those of you looking to trade Advanced price action, make sure to visit our Advanced Price Action Course where we teach rule-based systems for trading Price Action.

New Article: Just wrote a great new article called Price Action Trading Explained.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. 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 18yrs 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.

Related Article