Weekly Price Action Setups & Trade Ideas | Jul 29 - Aug 3

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

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EURUSD – MT Corrective Structure Still in Play (4h chart)

Price Action Context

MT the corrective structure is still in play with bulls defending the 1.15-1.16 key support zone while bears wanting to avoid any daily closes above 1.18.

Trending Analysis

Corrective structure after strong impulsive selling, thus bearish MT. MT corrective structure sitting on top of a LT support, thus looking to play both sides of the range until it breaks.

Key Support & Resistance Levels

R: 1.1790 – 1.1850
S:1.1500 – 1.1575

Stay tuned to our daily trade setups commentary for updates.

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GBPUSD

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