Chris Capre’s current open price action and ichimoku trades: EURUSD, GBPUSD, EURCHF, EU50, INR.FR, BIR, TLS
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NZDUSD – Closing In On A LT Key Support Level (daily chart)
For pretty much all of 2019, the NZDUSD has been stuck in a ~250 pip corrective structure between 6700 and 6950 with several touches on both sides. Until this corrective structure breaks, or either of the key support/resistance zones, with a weekly close above/below them, I’m going to trade both sides of the market while targeting the other end.
Trending Analysis:
ST corrective so trading both sides. MT mixed and whichever side breaks first will likely indicate the next major direction.
Key Support/Resistance Levels:
R: 6900-6975
S: 6675-6725
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