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 | May 3-8

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Forex Trade Idea: EURMXN – Corrective Structure At Top, Looking For Breakout (daily chart)

Price Action Context

The EURMXN forex pair has been consolidating in a corrective structure near the top of the trend since late March, so over a month now.

I’m suspecting a breakout is coming soon, more likely to the topside, so am looking for a breakout trade.

Trending Analysis

ST neutral inside the corrective structure, but MT bullish while above 25 on …

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