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

audchf trade ideas 2ndskiesforex

Chris Capre’s Current Live Open Trades: CHFJPY, BIR, FXo EURJPY

NOTE: Check out Chris Capre’s verified trading results for 2017

GBPUSD – Corrective PA Towards LT Key Support Zone (Weekly chart)
After topping out at 1.4280 which can be seen as a double top on the daily and 4hr chart price action charts, the GBPUSD seems to be slowly crawling lower in a corrective fashion towards the weekly support zone coming in between 1.3470 – 1.3620.

Most likely there are some MT and LT bulls looking at this zone as a potential trading opportunity. First resistance being the last swing high @ 1.4280. A weekly close below 1.3470 would most likely attract fresh bearish interest with next LT support waiting …

... Keep reading