? EUR/USD, GBP/USD Challenge Fibonacci Leves of Wave 4 ?

2 min read

Dear Traders,

The EUR/USD is building a sideways corrective, which is probably an ABC wave pattern. The correction is probably part of a wave 4, which could indicate a bullish wave 5. This video explains what levels and patterns are key for potential trade setups.

The GBP/USD is also building a similar ABC wave pattern and challenging a key 50% Fib level at 1.39. This video explains how to determine whether price is making a bearish reversal or bullish continuation.

Check out the video for the full analysis and trade plans on 6-7 February 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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