Weekly Price Action Setups & Trade Ideas | May 6 - May 11

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Chris Capre’s Current Open Trades: AUDUSD, CADCHF, XPTZAR, BIR

NOTE: Check out my latest interview talking about trading price action and order flow

CHFJPY – MT & ST Corrective Structures Held, Closing In On LT Support (Weekly chart)
Both the MCS we mentioned in our member market commentary at the end of April and the SCS we mentioned in our daily trade ideas on Tuesday played out as bears were able to push through the MT support at 110.20.

Congrats to the members who profited from this trade setup as many of you showed.

For those traders that missed this trade setup, bears can look for weak pullbacks into the broken MT support level which now should act as resistance  …

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