About Chris Capre

Chris Capre (Head Trader - 2ndSkiesForex) provides weekly forex, stocks, futures, commodities, and CFD trade setups, trade ideas, technical analysis and market commentary. Chris Capre uses his core models of trading price action context, the order flow behind it, and the ichimoku cloud. We have free market commentary published on our site every Sunday or Monday, while we offer daily trade ideas and price action analysis 4x per week for the members of our price action course. To learn more about becoming a member, click here.

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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