Weekly Price Action Setups & Key Levels | Jan 14 – 19

Chris Capre’s Live Price Action Trades: USDJPY, EURUSD, USDCAD, REMX, FXo EURJPY

NOTE: Did I make money in 2017? Learn more by seeing my verified forex trading results for 2017.

EURUSD – Key S/R Zone Cleared (Daily chart)
After holding for almost 5 months, on Friday the key resistance zone between 1.20-1.21 folded under the bullish pressure and we got a strong daily close above the zone.

Weak breakout pullbacks to this zone can offer potential trade setups for bulls. The closest resistance level comes in at 1.2360, followed by 1.2570.

If the zone fails to hold and price closes back below 1.20, we’re likely looking at a false break setup.

Check back for price action updates in the members commentary.

eurusd technical analysis 2ndskiesforex

LTCUSD (Litecoin) – Holding Above MT Key Support (4h chart)
For now, Litecoin is holding above the MT key support level near 200.00-215.00. As long as this support holds it can offer bulls a potential trade setup with the first solid resistance coming in @ 300.00 followed by 380.00.

A break and close below this zone would change my MT bias to bearish with 145.00 being the first support that likely would be targeted by the bears.

Keep up with the members price action commentary for updates.

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Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. 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 18yrs 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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