GBP/USD Bearish Momentum ? Challenges Broken Resistance at 1.3350 ?

Dear Traders,

the EUR/USD is attempting to break the support trend line. The currency pair is in a wave C as expected but the bearish breakout would confirm an impulsive move lower towards the targets around 1.1650-1.1750.

The GBP/USD made a bullish spike but the move up proved to be short lived as price is making a larger bearish correction. The broken resistance at 1.3350 could provide strong support and a potential bullish bounce.

Check out the video for the full analysis and trade plans on 5 – 6 December 2017:

• EUR/USD, GBP/USD technical analysis
• Review of patterns, trends, key S&R levels
• Explanation of potentrial 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

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