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.
GBPUSD – Broken Below MT Key Support Level – Will It Breakdown?
Chris current open positions: EURUSD, GBPUSD, AUDJPY, EU50, SUI 20, INR.FR
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GBPUSD – Broken Below MT Key Support Level, Bearish While Below (4h chart)
Price Action Context
The potential breakdown we talked about in our weekend market commentary seems to be manifesting as bears yesterday successfully pushed price below the MT key support level.
MT bias changed to bearish and bears can look for potential trading opportunities on weak pullbacks into the broken support, now resistance.
Key Support & Resistance Zones
R: 1.2960 – 1.3015
S: 1.2660 – 1.2790
Stay tuned to the members market commentary for potential trade setups.
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