Weekly Price Action Setups & Trade Ideas | Jul 7 - Jul 12

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Chris Capre’s current live open price action and ichimoku trades: GBPUSD, SBER, SUI20, VIX

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AUDUSD – Testing LT Resistance (Daily chart)

Price Action Context

Price is now back at the LT resistance zone, testing it a second time after breaking below the S/R zone back in May. For now, the resistance seems to be well defended with another strong bearish rejection ending last trading week.

Trending Analysis

LT bias is bearish and sellers and look for shorting opportunities around the LT resistance.

Key Support &

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