Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
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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.
The price action bias is currently neutral and the LT support can offer LT bulls looking to …... Keep reading