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.
Trade Idea: USDCAD In Corrective Structure, Trading The Break | Sept 26
Chris Capre’s current live open price action & ichimoku trades: AUDNZD, CORN, WTI, USDCHF, USDMXN
New to Forex? Then check out my FREE Learn Forex Trading Course with videos, quizzes and downloadable resources
Want to find unique trading opportunities? Check out my latest trading video on how to find dynamic support & resistance.
USDCAD – ST Corrective Structure After Bull Move, Watching For Break (1hr chart)
Price Action Context
After a solid couple weeks in mid-Sept, the USDCAD has formed a ST corrective structure between 1.3233 and 1.3306 with a few touches on each side. Am watching for a break to give us clues on the next direction, and will look to trade on a break.
ST neutral while inside the corrective structure, but MT bullish. Break below the CS would change MT view to neutral.
Key Support & Resistance Zones
R: 1.3306, 1.3500
S: 1.3233, 1.3169
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.