Weekly Price Action Setups & Trade Ideas | Nov 18 - Nov 23

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

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EURUSD – Broken Below Multi-Year S/R Zone (Weekly chart)

Price Action Context

After a break below this key support zone in August, sellers were not able to stay in control which resulted in a false break. This was followed by several weeks of tight consolidation above the zone before sellers made a comeback and slowly chewed their way through the support again. Last week closed well below the zone and if sellers can stay in control, a bigger move south is very …

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