Weekly Price Action Setups & Trade Ideas | Aug 26 - Aug 31

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Chris Capre’s current live open trades: EURCHF, BIR, TLS

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EURUSD – False Break @ LT Support (Daily chart)

Price Action Context

After pulling back deeper into the wide multi-year support zone from 2015-2016, bulls stepped in with force ending last trading week, pushing price back above the LT resistance we have mentioned in earlier market commentaries, leaving a potential false break setup.

Trending Analysis

The strong buying, almost equal in strength compared to the preceding selling, pushed price back above the LT resistance, rendering our bias neutral for now. Looking to buy …

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