Weekly Price Action Setups & Trade Ideas | Aug 4 – Aug 9


Chris Capre’s current live open price action and ichimoku trades: USDJPY, AUDCAD, SLV, AUS200

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EURUSD – Broken Below MT Support (Daily chart)

Price Action Context

After bulls got rejected around 1.14 in the end of June sellers re-took control and EURUSD has now broken below a key support zone and produced a new lower low MT, opening up for a likely continuation lower towards 1.09 if bears are able to stay in control.

Trending Analysis

Bias is bearish and …

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