π EUR/USD, GBP/USD Analysis & Setups 28 – 30 Apr 2021 π
Hi Traders,
the EUR/USD price action patterns look bearish and a larger reversal could emerge with a breakout below the 21 ema zone on the 4 hour chart. The GBP/USD is struggling as the moving averages show strong bullish angles but price action looks bearish.
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EUR/USD & GBP/USD Overview
The EUR/USD bearish breakout could confirm the start of a bearish ABC pattern in a larger bullish ABC zigzag. A break could complete the bullish 5 waves in wave A at the 61.8% Fibonacci resistance.
The GBP/USD is looking for a breakout up or down to confirm the direction after the triangle pattern.Β
Check out the video below for the full analysis and trade plans on 28 – 30 April 2021:
- 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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