Weekly Price Action Setups & Trade Ideas | Jan 27 - Feb 1

asx-200-technical-analysis-2ndskiesforex

Chris Capre’s current open price action and ichimoku trades: EURUSD, GBPUSD, USDMXN, USDJPY, BIR, TL

NOTE: Every trader has to go through stages to make money trading. Which stage are you at? To find out, read my article The 4 Stages of A Millionaire Trader.

GBPUSD – Potential ST Exhaustion Into Key Resistance (Daily chart)

Price Action Context

In December last year, sellers initially were able to clear the LT key support, but the bearish continuation failed and buyers pushed price back above the key support, which since has been followed with very strong buying, now starting to look like a ST parabolic move and exhaustion price action into the key resistance ahead.

Trending Analysis

Bearish while below 1.3370 …

... Keep reading
12