Weekly Price Action Setups & Trade Ideas | Jan 13 - Jan 18

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Chris current open positions: EURUSD, GBPUSD, USDJPY, USDMXN, BIR, TL

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EURUSD – Holding Below Multi-Year S/R Zone (Weekly chart)

Price Action Context

Long term, not much has changes since we covered the LT context on this pair on the 18th of November last year . Price did break out to the upside of the MT corrective structure we mentioned on the 8th of January, pushed deeper into the LT resistance, only to get rejected heavily within the LT resistance, with price quickly selling off 100 pips again before markets closed …

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