Weekly Price Action Setups & Trade Ideas | Mar 3 - Mar 8

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Chris Capre’s current live price action and ichimoku trades: EURUSD, GBPUSD, USDMXN, USDJPY, EU 50, BIR, TLS

NOTE: Check out my top trade ideas for 2019.

EURUSD – Pulling Back Towards Key Resistance (Daily chart)

Price Action Context

After a failed attempt to fully clear the LT support between 1.1270-1.1300, bulls managed to re-gain some control, but the weak and very volatile bullish move from the support isn’t very convincing, suggest a more balanced order flow and continued bearish presence.

Trending Analysis

LT bias remains bearish while below 1.1515 and a potential move back up to the key resistance zone can offer possible trading locations to bears.

Key Support & Resistance Zones

R: 1.1450 – 1.1515
S: 1.1220 – 1.1275…

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