Chris Capre’s Current Price Action Trades: EURUSD, EURCHF, CHFJPY, EURNOK, FTS, TRP, REMX, FXo EURJPY, FXo EURPLN
NOTE: Check out my top trades for 2018
EURGBP – Potential False Break @ Bottom Of MT Corrective Structure (4h chart)
During NFP on Friday, bears managed to push price below the base of the 2+ month corrective structure the pair has been trading within. This move was quickly countered by the bulls who managed to push price back into the structure, producing a potential false break setup.
For now, I expect the bottom of the structure to act as support with bulls likely wanting to push price up towards the top of the structure @ 90.00 again.
A strong break and close …... Keep reading