Weekly Price Action Setups & Trade Ideas | Oct 7 - Oct 12
Chris Capre’s current live open trades: USDMXN, EURCHF, BIR, TLS
NOTE: Ever wondered how to find the best key support and resistance levels? Click here to learn more.
NZDUSD – Stable LT Bear Trend (Daily chart)
Price Action Context
Trading within a LT bear trend that started in April that cleared a LT support in July. Price has broken through the next support zone which now should act as resistance.
Trending Analysis
Stable and clean bear trend in which the price action context is respecting previously broken S/R zones well so far on each pullback. Bias is clearly bearish and bears can look for potential trading opportunities on pullbacks into the broken support, now resistance.
Key Support & Resistance Levels…
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