Chris Capre’s current live open price action and ichimoku trades: Silver, NZDJPY
New to Forex? Then check out my FREE Learn Forex Trading Course with videos, quizzes and downloadable resources
Want to learn how to trade breakouts profitably? Check out my latest trading video where I share my favorite pattern for trading breakouts.
EURAUD – Medium Term Corrective Structure Breaks, Bearish While Below (4hr chart)
Price Action Context
The EURAUD has been stuck in a medium term corrective structure for all of August between 1.6327 and 1.67-ish. However recently, the pair has folded below the corrective structure support and is now testing the 1.61’s. ST this puts bearish pressure on the pair and we’ll remain short ST while below this structure.
Trending Analysis
ST bearish, MT in large range between 1.5840 and 1.67.
Key Support & Resistance Levels
R: 1.6327, 1.67
S: 1.6057, 1.59
