Weekly Price Action Setups & Trade Ideas | Mar 24 - Mar 29

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Chris Capre’s current live price action and ichimoku trades: EURUSD, GBPUSD, USDTRY, BIR, TLS

NOTE: Ever wonder what kinds of forex trading strategies I use, and on what time frames? To learn more, click here.

USDJPY – Broken Through MT Key Support (4h chart)

Price Action Context

The key resistance we mentioned in this market commentary mid-February held and produced a strong bearish reaction + continued selling. Congrats to those course members who managed to take advantage of this move. Ending the week, bears managed to clear a MT key support zone, clearly ending the bullish volatile trend that has been in play since January.

Trending Analysis

MT bias changed to bearish and weak pullbacks towards the broken MT support, …

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