Weekly Price Action Setups & Key Levels | Apr 19-24

WTI – Corrective Price Action Structure Near Highs (1hr chart)
After breaking above the key resistance at 53.80, the breakout pullback setup we suggested has profited nicely. To end last week, WTI Oil has formed a corrective price action structure near the highs.

ST this helps with the bullish bias with intra-day support coming in around 55.20.

Below here we have the former resistance turned support at 53.75/80 where I’m suspecting some bulls will want to defend, thus another potential level to get long.


EURUSD – ST Bullish, MT Bearish Below Key Resistance (4hr chart)
Continuing with our ST bullish bias, the Euro has continued to climb since we changed our bias last week. It has bounced off the role reversal level around 1.0715 and climbed higher both days.

MT we are in a bearish trend while below 1.1030 on a daily closing basis. Even ST we can see the structure is bullish, but the larger pullback is not dominantly bullish.

For now, we’ll look to sell at the key resistance level above.


Learn the one mistake you cannot make but already are.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article

  • sankalp

    thanks chris for your analysis……what is the full forms st and mt words in commentary

    • Chris Capre

      Hello Sankalp,

      ST = Short Term. MT = Medium Term.

      Hope this helps.

      Kind Regards,
      Chris Capre

  • anit

    How much cost to access your Live trade set up/signals. I love to trade Euro/Usd and Gbp/Usd most of the times. Do You provide regular updates to trade these pair in paid members area? Any special discount now? :)

    • Chris Capre

      Hello Anit,

      I’ll reply to you via email.

      Kind Regards,
      Chris Capre