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.
NZDUSD Price Action – Corrective Structure Holding (For Now) | Oct 22
NZDUSD – Corrective Structure Holding (for now) (4hr chart)
Since the beginning of this month the Kiwi has been in a corrective structure and pullback, pinging off each side of the channel 4x. The last move down showed some strong selling, and I’m wondering if this is telling of more to come.
A bounce off the channel = another chance to sell it around the key resistance near 8000. A break below here sets up a move down towards 7725 which is the yearly lows, and likely the next place before bulls step back in.
In today’s member trade setups commentary, we also discuss the EURUSD, USDCAD, EURGBP, USDJPY and Global Indices. Click here to become a member.
Read our latest article When Trading Goes Breaking Bad: 6 Tips for Turning Things Around
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.