About Chris Capre

Chris Capre (Head Trader - 2ndSkiesForex) provides insights into stocks, options, forex, 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 offer pre-market live streams, live trading 4x week, exclusive video lessons and plenty more, for the members of our Trading Masterclass 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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