Weekly Price Action Setups & Trade Ideas | Mar 17 - Mar 22

xaueur-trade-ideas-2ndskiesforex

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

NOTE: We just posted our top trade ideas for 2019 to our private members. Click here to learn more about becoming a member.

GBPUSD – Strong Attack On Key Resistance (Daily chart)

Price Action Context

The last two strong attacks on this key resistance both lead to strong counter reactions. What stands out though are the higher lows printing towards the resistance, indicating that bulls are willing to get in at a worse price each time, which can be an indication that the resistance might be broken soon.

Trending Analysis

If this resistance holds, we’ll likely witness a move back down towards the key support but a …

... Keep reading
123