Weekly Price Action Setups & Trade Ideas | Jan 6 - Jan 11

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

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USDJPY – LT Support Holding For Now (Daily chart)

Price Action Context

Bears did stay in control after breaking below the MT support we mentioned on the 23rd of October, and during the last week, price continued to sell off heavily. But despite the flash crash towards the end of the week, the LT support we’ve talked about in earlier member market commentaries as well seems to be holding for now, with price closing back above …

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