Weekly Price Action Setups & Trade Ideas | May 26 - May 31

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Chris Capre’s live price action and ichimoku trades: EURUSD, GBPUSD, AUDJPY, EURJPY, EURCZK, EU50

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EURGBP – Back Inside LCS (Weekly chart)

Price Action Context

After clearing the wide key support zone of the LCS that had held for roughly 1,5 years in February, sellers failed to produce a bearish continuation, lost control, and price impulsively broke back above the wide key resistance.

Trending Analysis

The broken resistance should now act as support again and bulls can look for potential trading opportunities on weak pullbacks to the …

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