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.
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EURJPY – ST Resistance Held Again (4h chart)
Price Action Context
EURJPY has been ranging most of 2018 and now consolidated further within a ST corrective structure within a larger MT range. The top of the SCS was tested again on Thursday and was well defended by sellers which produced a strong bearish rejection taking price almost all the way down to the key support within less than 24 hours.
MT bias is slightly bearish and traders can look for potential shorting opportunities around …... Keep reading