❗️ EUR/USD, GBP/USD Analysis & Setups 2-3 Sept ’18 ❗️

2 min read

The EUR/USD is showing conflicting candlestick patterns but the chart patterns are indicating that a larger bullish reversal will occur after price retraces and bounces at 1.15 support. The GBP/USD is also testing a key zone of support and resistance which could confirm a new trend. Make sure to check out our free Wave and Fibonacci guide.

EUR/USD is expected to make a bulllish inverted head and shoulders pattern at 1.15 which could confirm a larger reversal. The main target of the bullish zigzag pattern could be a head and shoulders pattern on the daily frame.

GBP/USD has probably completed a bullish pullback within the larger downtrend but needs to break below key support to confirm it. A bullish breakout could indicate a change in wave patterns.

Check out the video for the full analysis and trade plans on 2-3 September 2018:

  • 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

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea


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