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.
Weekly Price Action Setups & Key Levels | Apr 30 – May 5
My Current Active Open Trades: USDCAD, AUDUSD, USDNOK, EURPLN, XAUTHB, AX_UN,
GBPUSD – Breakout of Corrective Structure, Still Bullish (4hr chart)
After being in a tight corrective structure at the top of the prior impulsive move for 8 days, the Pound has broken higher (drifted somewhat) clearing the top of the structure to reach 1.2950 last week.
For now the price action context is bullish while above 1.2750 on a daily closing basis. Upside beyond 1.30, there is scope for a move towards 1.3375 and 1.35 (Jun-Aug highs last year).
Meanwhile there is support between 1.2750 – 1.2590 for MT bulls on pullbacks.
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