Weekly Price Action Setups & Trade Ideas | Nov 11 - Nov 16

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

USDJPY – Close to LT Resistance (Weekly chart)

Price Action Context

Trading within a LT corrective structure and price action has recently tested the top of this zone which lead to a solid bearish rejection in the beginning of October, indicating that bears are willing to defend this area. Last two weeks bulls have taken control again and are now pushing price up towards the resistance again.

Trending Analysis

Neutral while trading inside this LT range. Bears interested in playing this range can look for potential trading opportunities around the LT resistance zone.

Key Support & Resistance Levels

R: 114.30 – 115.50
S: 107.30 – 108.30…

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