Weekly Price Action Setups & Trade Ideas | Aug 5 - Aug 10

nzdusd corrective structure 2ndskiesforex

Chris Capre’s current active open trades: EURJPY, AUDNZD, BIR, PLUS, TLS

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NZDUSD – MT Corrective Structure Below LT Resistance (4h chart)

Price Action Context

Price recently broke through LT support level near 6850, which now should act as resistance with price ranging right underneath the LT S/R zone.

Trending Analysis

MT bear trend leading into a MT corrective structure. LT/MT bearish and looking to sell on ST strength into MT/LT resistance.

Key Support & Resistance Levels

R: 0.6825 – 0.6860
S: 0.6690 – 0.6725

Stay tuned with the daily members trade ideas for updates.

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ITALY 40 – MT Corrective Structure Above LT Support (Daily chart)

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