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 – Oil Continues Higher of Pin Bar Signal | Apr. 10th
WTI Crude Oil
On Sunday in my weekly market commentary, I talked about the pin bar signal forming around the $92 level, and that a corrective pullback into the pin bar lows would offer a good setup to get long, targeting $94 and $95. Today the pair breached $94.50, offering a minimal 3:1 R:R reward to risk play, so hopefully you profited from that as did our course members.
The commodity is approaching the key $95 figure where it certainly could encounter sellers as the intra-day price action charts are showing this bullish move is still corrective (but is building upside momentum). Clearing out $95.50 would setup a test of $96.30 and $97.50, so bears can look to sell at these levels if any price action signals manifest there. Bulls meanwhile will wait for a pullback towards $92.50 before getting back long.
Make sure to also check out our Free Forex Beginners Course here, and another article showing how a student of mine from the Price Action Course grabbing +1640 pips in the last two days!
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