π EUR/USD, GBP/USD Analysis & Setups 11 – 12 Jan 2021 π
Hi Traders,
the EUR/USD is building a bearish reversal. What is the main target for the downside? The GBP/USD also seems to be completing a wave 5 of wave 5 and a larger ABC pattern could take place.
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The EUR/USD has broken the below the rising wedge chart pattern. A larger bearish retracement is expected after price action retests the resistance zone.
The GBP/USD is also expected to test the resistance trend line, which could offer a decent space down to the targets.
Check out the video below for the full analysis and trade plans on 11 – 12 Jan 2021:Β
- EUR/USD, GBP/USD technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potential trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
EUR/USD, GBP/USD video:
Good trading,
Chris Svorcik
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