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 | Feb 11 - Feb 15

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

NOTE: I’ve never met a struggling trader that hasn’t skipped steps. Don’t make that mistake. Read my article The 4 Stages of Becoming A Millionaire Trader to avoid this.

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 …

... Keep reading