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.
Price Action – Euro Forms Huge Engulfing Bar off Resistance | Nov. 29th
The Euro has been good to us this week as yesterday I wrote in my price action commentary price will likely rally and find bears looking to sell the pair at 1.3000. This is exactly what happened as the pair went just a few pips past the big figure, then sold off 60+pips in less than a few hours from a huge bearish engulfing bar. Sequentially, the pair is forming HL’s (higher lows), suggesting it wants to make a break to the upside. The bulls should test the level one more time this week, and a failure again will likely send the pair lower, back towards short term support at 1.2881 so plays on both sides here.
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