EUR/USD Tests Fib Support ✅ GBP/USD Builds Bull Flag ?

Dear Traders,

the EUR/USD failed to continue higher and seems to be building an expanded bearish wave C, which could be part of a larger bearish wave 2. Once the wave C and wave 2 are completed, price is expected to move higher as part of a bullish wave 3. Therefore, the best trade setups seem to be at the Fib support or upon the bullish breakout above resistance. The below video shows which Fibs and which resistance zone are key for such setups with the best stop loss and target place.

The GBP/USD has broken the resistance trend line of the daily chart. Price also bounced at a strong support zone and seems to be building a bull flag chart pattern. A break above the flag could indicate a bullish breakout whereas a bearish breakout indicates a potential new downtrend.

This webinar explains bearish and bullish trade setups based on the breakout direction and price action.

Check out the video for the full analysis and trade plans on 17-19 March 2018:

• EUR/USD, GBP/USD, GBP/JPY 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
Elite CurrenSea

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