Seeking Alpha

Chris Capre's  Instablog

Chris Capre
Send Message
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
  • Forex Price Action | GBPJPY Breakout Pullback Setup | Jan 14th 0 comments
    Jan 14, 2013 5:47 PM

    Hello Traders,

    I'm also watching the GBPJPY as its exhibiting similar behavior to the AUDUSD chart I posted above. Bull trends tend to pullback towards the dynamic support and 20ema, along with to a prior swing high, which often becomes a breakout pullback setup level in that uptrend. We have already formed a corrective pullback to the dynamic support and 20ema, so I'll watch the key role reversal level below for a possible signal, or failure of a signal.

    (chart below)

    (click to enlarge)

    Good Hunting!

    Kind Regards,

    Chris Capre

Back To Chris Capre's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.