Weekly Price Action Setups & Trade Ideas | Feb 11 - Feb 15

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

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NZDUSD – Rejected At Resistance, Now Testing Support (Daily chart)

Price Action Context

For now, despite 2 solid attempts, bulls have not been able to successfully clear 0.69 which is the top of a multi-year S/R zone. Instead, bears again stepped in, heavily rejecting the bullish attack and price is now back testing the LT support a second time after the false break in early January.

Trending Analysis

If this LT support holds, a move back …

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