About Chris Capre

Chris Capre (Head Trader - 2ndSkiesForex) provides weekly forex, stocks, futures, commodities, and CFD trade setups, trade ideas, technical analysis and market commentary. Chris Capre uses his core models of trading price action context, the order flow behind it, and the ichimoku cloud. We have free market commentary published on our site every Sunday or Monday, while we offer daily trade ideas and price action analysis 4x per week for the members of our price action course. To learn more about becoming a member, click here.

Commodity Trade Idea: XPDUSD - Potential Breakout Setup | Jan 23

palladium breakout setup 2ndskiesforex

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Commodity Trade Idea: XPDUSD (Palladium) – Potential Breakout Setup After Parabolic Price Action (1hr chart)

Price Action Context

As we recently covered in our weekly market commentary, palladium was forming a parabolic price action move and likely pulling back.

As you can see from the chart below, the precious metal dropped over $160 (over 6%) by early next week offering a …

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