Hi Traders,
the EUR/USD is building an ABCDE triangle pattern within a wave 4 of the uptrend. The GBP/USD is showing strong bullish momentum but 1h and 4h candles need to confirm the breakout.
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The EUR/USD is expected to continue with the uptrend after the consolidation pattern is completed.
The GBP/USD is looking bullish at the moment after a deep retracement. A small push up towards the head and shoulders could soon be confirmed.
Check out the video below for the full analysis and trade plans on 23 – 24 Dec 2020:
Good trading,
Chris Svorcik
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