Weekly Price Action Setups & Key Levels | Feb 19-24

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My Current Active Open Trades: USDJPY, EURUSD, AUDUSD, AUDNZD, XAUTHB

Presidents Day Tomorrow (US) – US Markets Will Be Closed

USDRUB – Impulsive Bounce, Approaching Key Resistance Zone (4hr charts)
After continuing it’s impulsive and corrective price action structures, the USDRUB has formed an impulsive bounce after the false break of the 57 handle. Currently the pair is sitting around 58.50 which is just below the key resistance zone between 58.80-59.30.

If this zone holds, then we should see a potential 2nd attack on the yearly lows around 57. However if this zone folds, then we’ll likely have a false break scenario whereby the resistance zone will attempt to become support and create a move towards 60.45 which is where …

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