Chris Capre’s current live price action and ichimoku trades: EURUSD, GBPUSD, USDMXN, USDJPY, EU 50, BIR, TLS
NOTE: Check out my top trade ideas for 2019.
EURUSD – Pulling Back Towards Key Resistance (Daily chart)
Price Action Context
After a failed attempt to fully clear the LT support between 1.1270-1.1300, bulls managed to re-gain some control, but the weak and very volatile bullish move from the support isn’t very convincing, suggest a more balanced order flow and continued bearish presence.
Trending Analysis
LT bias remains bearish while below 1.1515 and a potential move back up to the key resistance zone can offer possible trading locations to bears.
Key Support & Resistance Zones
R: 1.1450 – 1.1515
S: 1.1220 – 1.1275
Stay tuned to the members daily trade ideas for updates.
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EURO STOXX 50 – Back Above LT Key Support, Bullish Bias (Weekly chart)
Price Action Context
Like many other indices, the Euro Stoxx 50 has now broken back above a key resistance level, which now should act as support.
Trending Analysis
LT bias changed back to bullish and weak pullbacks into the broken resistance, now support, will likely be of interest to bulls.
Key Support & Resistance Zones
R: 3660 – 3710
S: 3215 – 3280
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WTI – Holding Above LT Key S/R Zone (Weekly chart)
Price Action Context
WTI bounced heavily from the multi-year support and has now broken back above a LT key S/R zone, initially opening up for a potential continuation towards 59.00.
Trending Analysis
LT bias bullish with the LT key S/R zone offering potential buying opportunities.
Key Support & Resistance Zones
R: 64.25 – 66.70
S: 53.20 – 55.20
