Weekly Price Action Setups & Trade Ideas | Jun 17 – Jun 22

Chris current open positions: GBPCHF, EURCHF, EURGBP, PLUS, BIR

NOTE: Want to trade forex breakouts? Learn more by reading my free article on trading breakouts.

EURGBP – Back at ST Support After Strong Selling (4h chart)
The MT resistance we covered in our daily trade ideas on Monday was well defended by the bears who after a few attempts by the bulls to push through, did send price back to the ST support zone (0.8710 – 0.8730).

As mentioned in our mid-week quiz conclusion this ST support is located right above a wider MT support zone (0.8665 – 0.8700) and IMO, both can offer solid potential trading locations to bulls, depending on aggressiveness and holding time, with closest resistance being 0.8820 – 0.8840.

A break and close below both the key support levels could open up more downside, potentially all the way down to 0.8350.

Stay tuned with the members daily trade ideas for updates.

eurgbp support resistance trading 2ndskiesforex

USDNOK – MT Support Held, Testing MT Resistance (4h chart)
The MT support level mentioned in the mid-week commentary held like a brick wall and buyers did sent price 1800 pips higher in just 2 days’ time.

Congratulations to those members that were able to profit from this rapid move as we discussed this possible trade setup ahead of time.

Price is now again testing the MT resistance @ 8.1415 and bulls that missed the last move can look out for a potential BOPB setup at this area with next resistance coming in around 8.3250.

Keep up with the members daily trade ideas for updates.

usdnok trade ideas 2ndskiesforex

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Verified Profitable Trader

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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