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 | Nov 26 – Dec 1
Chris Capre’s Current Price Action Trades: USDCHF, EURCHF, CHFJPY, USDMXN, FTS, TRP, REMX, FXo EURJPY, FXo EURPLN
EURUSD – Key S/R Zone Broken, MT Bias Bullish (4H chart)
Before the market closed last week, the Euro broke through the MT key resistance zone @ ~1.185, changing our MT bias from neutral to bullish.
LT, MT & ST bias are now all bullish IMO. Next resistance levels come in @ 1.20 & 1.27. A break below 1.18 would likely open up for fresh technical selling towards 1.17 once again.
WTI – Prior Resistance Held as Support on Re-Test (weekly chart)
Bulls were able to defend the key support ~55.00 mentioned in our member commentary on our Nov. 4 and crude oil has since rose 7% in the 2 weeks that followed.
Congrats to the course members who profited from this trade setup.
We’re now closing in on 62.00 which is a major LT key resistance for this instrument, and where I expect a lot of bears to defend.
The price action suggests that bulls which are gunning for 62.00 can look for potential buying opportunities around 57.00 and the LT support ~55.00 in case of a deeper pullback.
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