Weekly Price Action Setups & Trade Ideas | Feb 24 - Mar 1

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Chris Capre’s current open price action and ichimoku trades: EURUSD, GBPUSD, USDMXN, USDJPY, BIR, TLS

ATTN: Got a full time job and can’t day trade? Make sure to read my article about trading daily and 4 hour price action.

USDJPY – Approaching Key Resistance (Daily chart)

Price Action Context

After multiple bullish attempts to clear the LT resistance during Q4 last year, bears ultimately got the upper hand and pushed price all the way down to ~105.00 within 3 weeks, ending with a massive flash crash. Since then, price has recovered from the sell off and is now approaching a key resistance zone.

Trending Analysis

MT bias is bearish whilst below 108.30 and ST/MT bears might find the current pullback …

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