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Chris Capre
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Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
My company:
2ndSkiesForex
My blog:
2ndSkiesForex
My book:
Trading Price Action and Pivot Points
  • Crude Oil Pin Bar With Trend Setup | July 8th

    Hello Traders,

    Back to regular posting after the needed vacation from my vacation, Crude Oil has formed a pin bar off support, which was a prior resistance in this bull trend. It is also near the 4hr 20ema. The current pullback is looking corrective, so am expecting more upside. That + the Egypt situation cannot be good for lower oil prices.

    (click to enlarge)

    So will look to buy around this level, targeting 103.45 and 103.99.

    Good luck trading today.

    Kind Regards,

    Chris Capre

    Jul 08 8:16 PM | Link | Comment!
  • Market Commentary: Gold Engulfing Bar Update | June 4th

    Hello Traders,

    Just an update on the Gold Engulfing Bar trade from this weeks market commentary:

    We recommended selling at 1415, and the PM didn't disappoint, hitting the level, going about $1.50 above, then selling off over $28, offering a nice 3:1 reward to risk play, so I hope you profited from that as many price action traders did (chart below).

    (click to enlarge)

    The pair did form a minor HL (higher low), so it could be winding up to attack the level again. Thus watch for failures to breach the 1415/1420 key levels, targeting 1390, and 1363.

    Kind Regards,

    Chris Capre

    Jun 04 7:19 PM | Link | Comment!
  • AUDUSD Testing Key Level And Multi-Year Support. More Downside? May 28th

    Hello Traders,

    After three weeks of traveling and being mostly away - I am back at the home office and have no travel plans (at least for a month), so am now posting regularly.

    Today I am watching the Aussie which has been really testing the multi-year key support level at .9600 now 3x. The rejections are getting weaker, which usually suggests breakdown and more downside (chart below).

    (click to enlarge)

    Bears wanting to trade pullbacks can look for rejections at.9718 and .9815 to get short. Another option to get short is to look for a breakout below the key level, particularly looking for the price action squeeze on a 1hr or intra-day time frame.

    Good luck tomorrow.

    Kind Regards,
    Chris Capre

    May 28 6:49 PM | Link | Comment!
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