EUR/USD, GBP/USD ? Bullish Trend Pauzes in Wave 4 ?
Dear Traders,
The EUR/USD and GBP/USD are both showing strong bullish momentum within a large overall uptrend. The strong bullish price action is most likely a wave 3 and the current bearish price action is probably a retracement for a wave 4. The Fibonacci levels of wave 4 could act as support zones for more upside towards the Fib targets at 1.2750 for the EUR/USD and 1.45 for the GBP/USD.
Check out the video for the full analysis and trade plans on 29 January 2018:
- 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
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