✅ EUR/USD, GBP/USD Bearish Retracements in Bullish Trend ✅
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Dear Traders,
The EUR/USD made a bullish bounce at the Fibonacci levels and is now retesting the resistance trend line. The next price swing will depend on the patterns: a bull flag could indicate that a bullish breakout will soon take place whereas a deeper bearish retracement could price bounce at the 1.2250 support zone.
The GBP/USD is in an uptrend and is likely to test the previous top as long as price stays above 1.4125 support. A break below that indicates a bearish breakout to 1.4050 or 1.40. A bullish continuation could see price retest the top at 1.4250-1.4325.
This video 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 25-26 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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