EURUSD – Bullish Price Action ST, LT Key Resistance Ahead (Daily chart)


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

EURUSD – Back @ LT Key Resistance (Daily chart)

Price Action Context

After putting in a CT false break (which we talked about with our members earlier) at the LT support and closing 7 out of 8 days bullish so far, price is now approaching the LT key resistance zone around ~1.15 again.

Trending Analysis

LT bias remains bearish while below 1.1515 and the LT key resistance can offer potential shorting opportunities.

Key Support & Resistance Zones

R: 1.1450 – 1.1515
S: 1.1300 – 1.1215

NOTE: I am currently long the EURUSD on a false break setup back around 1.1261, so about +150 pips of profit at …

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