Weekly Price Action Setups & Trade Ideas | Aug 5 - Aug 10
Chris Capre’s current active open trades: EURJPY, AUDNZD, BIR, PLUS, TLS
NOTE: Looking for New York Close Charts? Check out one of our recommended brokers.
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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