Weekly Price Action Setups & Trade Ideas | Feb 25 – Mar 2

Verified Profitable Trader

Chris Capre’s live open trades: USDJPY, GBPCAD, CHFJPY, EURUSD, FXo EURJPY, BIR

EURUSD – Closing In On Key Support Again (4h chart)
The MT support zone we covered in our daily trade ideas on the 9th of February produced a strong reaction launching price back up to the recent highs around 1.25. Congrats to those members that were able to catch this one.

After producing a minor false break setup at 1.25, price is now again closing in on this support which can offer further potential with-trend opportunities with first resistance coming in at 1.25.

A break and close below 1.2160 would negate my MT bullish bias and put the next support @ 1.2070 into focus.

Keep up with the members commentary for updates.

eurusd trade ideas 2ndskiesforex

BTCUSD – Resistance Held, Neutral LT Bias (Daily chart)
After bottoming at 6000, Bitcoin reversed and gained almost 100% in 2 weeks before finding resistance @ 11800.

For the time being, my LT bias on Bitcoin is neutral and I anticipate price to trade between 6000-12000.

A break and daily close below/above these key levels should give us an indication of where the mother of all cryptos likely will be headed next.

btcusd trade ideas 2ndskiesforex

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