EUR/USD Bulllish Setup in ? Bearish Wave-2 or Bullish Wave-5 ?

2 min read

Dear Traders,

The EUR/USD key levels are the 50% Fib at 1.2125 and the previous top at around 1.2530. But in the meantime, the EUR/USD could offer a bullish trade setup when price shows a 2nd bullish breakout, either as part of a bearish wave 2 or bullish wave 5 with 1.2450 or 1.2750 as likely main target. The long-term direction will depend the price patterns and reactions to the S&R levels.

The GBP/USD direction will also depend on its reaction to key support and resisatance (S&R) levels. The below video explains what are the key levels for traders.

Check out the video for the full analysis and trade plans on 4-5 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

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