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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
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Trading Price Action and Pivot Points
  • Euro Gets Hammered, Forms Inside Bars At Support | Feb 7th 0 comments
    Feb 7, 2013 8:49 PM

    Hello Traders,

    Post the ECB announcement, the Euro got bloodied up losing over 180 pips in a few hours. Since then, it is barely holding serve and support at 1.3380.

    Post the aftermath of the losses, the pair has formed 3 inside bars back to back, or an 'iii pattern'. My bias now is south if it can clear the support level. Should this fail, then 1.3300 is up on deck. Any corrective pullbacks towards 1.3463 are also opportunities to sell on a rally.

    (click to enlarge)eurusd inside bars feb 7th

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