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 | Dec 9 - Dec 14

gold-price-action-2ndskiesforex

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

GBPUSD – Pre-Breakout Structure @ Key Support (Daily chart)

Price Action Context

Trading within a well-defined corrective structure preceded by strong selling from 1.43 and recently, a PBO structure has started to form towards the support.

rending Analysis

LT bias bearish since the break below 1.36 and bears interested can look for potential continuation trade opportunities on a pullback towards the top of the structure or break below the key support zone, with the second scenario looking more likely to manifest atm due to the PBO structure that is forming towards the support.

Key Support & Resistance Zones

R: 1.3240 – 1.3370
S: 1.2660 – 1.2725

Stay …

... Keep reading