Weekly Price Action Setups & Key Levels | Jan 1-6

eurusd false break setup 2ndskiesforex

Happy NY Everyone!

My current active open trades: AUDCAD, AUDNZD, Netflix

NOTE: If you haven’t seen my end of year message to you, click here.

USDJPY – Corrective Pullback Holds Key RRL, ST Bullish Bias (4hr chart)
As we’ve been talking about in our recent commentaries, we felt USDJPY would be bullish while holding above 116. Thus far, the price action has formed a corrective pullback with the 116 level holding for now.

I’m ST bullish while above this RRL on a daily closing basis. Upside There is scope towards 118.45 (Dec. spike highs) and further potential towards 121.

Netflix – LT Bullish, But ST Major Resistance Zone Capping (weekly chart)
For the last two years, Netflix has …

... Keep reading