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Posts Tagged ‘Ichimoku’

Weekly Price Action Setups, Trade Ideas + Trader Quiz | Dec 30 - Jan 4

December 30th, 2018
in Weekly Strategies
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Chris Capre’s current price action and ichimoku trades: EURUSD, GBPUSD, USDMXN, BIR, TLS

NOTE: Wondering what stage you are in with trading and what to work on next? Read my latest article The 4 Stages to Becoming A Millionaire Trader

EURJPY – Testing LT Support (Weekly chart)

Price Action Context

After topping out end of January, price sold off and closed back below 134.00, followed by roughly 3 quarters of corrective sideways movement, forming a LT corrective structure. After breaking out of the ST corrective structure which we’ve mentioned multiple times in prior commentaries, price is now testing the LT support.

Trending Analysis

The price action bias is currently neutral and the LT support can offer LT bulls looking to …

... Keep reading

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