Weekly Price Action Setups & Trade Ideas | Dec 16 - Dec 21

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

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EURJPY – ST Resistance Held Again (4h chart)

Price Action Context

EURJPY has been ranging most of 2018 and now consolidated further within a ST corrective structure within a larger MT range. The top of the SCS was tested again on Thursday and was well defended by sellers which produced a strong bearish rejection taking price almost all the way down to the key support within less than 24 hours.

Trending Analysis

MT bias is slightly bearish and traders can look for potential shorting opportunities around …

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