Weekly Price Action Setups & Trade Ideas | Jun 17 - Jun 22

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Chris current open positions: GBPCHF, EURCHF, EURGBP, PLUS, BIR

NOTE: Want to trade forex breakouts? Learn more by reading my free article on trading breakouts.

EURGBP – Back at ST Support After Strong Selling (4h chart)
The MT resistance we covered in our daily trade ideas on Monday was well defended by the bears who after a few attempts by the bulls to push through, did send price back to the ST support zone (0.8710 – 0.8730).

As mentioned in our mid-week quiz conclusion this ST support is located right above a wider MT support zone (0.8665 – 0.8700) and IMO, both can offer solid potential trading locations to bulls, depending on aggressiveness and holding time, with closest resistance being …

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