EUR/USD, GBP/USD Testing ? Critical S&R Zones ?
Dear Traders,
the EUR/USD is testing a crucial support zone at 1.1875-1.1850 which will indicate whether price is still in a wave 4-5 pattern within the uptrend or whether price is building a larger bearish ABC correction.
The GBP/USD bullish breakout is having problems with breaking above the larger range. Price seems to be showing a false breakout in fact and bearish candles could be threatening to break the bullish trend channel.
Check out the video for the full analysis and trade plans on 28-29 November 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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