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.
Today’s Forex Signal June 30th
AUDUSD – One More Barrier to Go
After an impressive 10-day 750pip rally off the yearly lows to .8850, the pair has slumped 6 out of the last 8 days with the candle from two days ago being the 3rd largest sell-off of the year. Today’s candle had a with-trend rejection and ended up bearish so we expect the pressure to continue. The pair is just sitting above the 61.8% retracement of the 8100-8850 move at .8381.
Watch for price to have a 4hr close below this fib. Should it do so and also be 20+pips below, we expect a return back to 8100 which is a good 160+pips below.
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