Weekly Price Action Setups & Trade Ideas | Apr 21 - Apr 26


Chris current open positions: EURUSD, GBPUSD, AUDJPY, EU50, INR.FR, BIR, TLS

NOTE: Trading is a game of numbers and stats are your window into those numbers. Read my latest article 6 Trading Statistics You Need to Know To Make Money Trading.

GBPUSD – Weaker Rejections From MT Key Support (4h chart)

Price Action Context

Following the two strong bullish attacks on the LT resistance around 1.3350 in late February and mid-March, which both were successfully rejected, bulls seem to be losing steam. Each rejection from the MT support is getting weaker, with bears stepping in earlier and earlier each time, showing by the series of lower highs printing, which can be an early indication that this MT support potentially might …

... Keep reading