Weekly Price Action Setups & Trade Ideas | Apr 1-6

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Chris Capre’s current open trades: EURGBP, USDJPY, FXo EURJPY, BIR

NOTE: Check out my verified forex trading results for 2017.

XAUUSD – MCS at Top of Bull Trend (Daily chart)
Gold has been in an uptrend since Q2 last year and has now formed a MT corrective structure at the highs of this trend since January this year. This structure has also formed right below a LT key resistance.

The price action above is corrective at the moment, but a strong bullish breakout of this structure could potentially open up for a move to 1400 which is the next LT resistance to look out for.

For now, pullbacks into the bottom of the corrective structure, can present bulls with potential …

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