Weekly Price Action Setups & Trade Ideas | Aug 11-16

Dow_Jones_30_-_False_Break_At_LT_Resistance

Chris Capre’s current live open price action and ichimoku trades: AUDNZD, AUDCAD, SLV, AUS200

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Did you see my live trade setup on the AUDCAD? Don’t miss how I grabbed a quick +125 pips of profit breakout trading with a near perfect entry.

EURUSD – CT False Break @ Key Support (Daily chart)

Price Action Context

After sellers failed to produce a bearish continuation after the false break below the key support around 1.11, bulls rushed back in, pushing price back above the MT support.

Trending Analysis

LT bias is bearish and sellers can look for potential shorting opportunities on rallies into resistance …

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