Weekly Price Action Setups & Trade Ideas | Apr 29 - May 4

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Chris Capre’s current live trades: USDRUB, AUDUSD, CADCHF, XAUCHF, EURGBP, BIR

NOTE: Watch my latest interview talking about trading price action context and order flow analysis.

CHFJPY – ST Corrective Structure Below Key Resistance (Daily chart)
Since the successful break and close below the support zone in March, the CHFJPY has formed a ST corrective structure below the key support zone.

Price is currently trading at the bottom of the ST structure and a successful break below 110.15 can open up for a bigger move south with the next support coming in near 107.75. Meanwhile a daily break and close above 113.50 would likely attract a fresh round of bulls and put 116.00 back into focus.

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