EUR/USD Bear Flag Pattern ? Reaches 38.2% Fib of Wave 4 ☝️

Dear Traders,

the EUR/USD made a bullish retracement towards the 38.2% Fibonacci retracement level as expected. The correction occured in a typical bear flag chart pattern and a new bearish continuation could occur when price breaks below the bear flag towards the 38.2% Fib at 1.15.

The GBP/USD is in a contracting triangle chart pattern and could stay volatile within this range.

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Check out the video for the full analysis and trade plans on 31 October – 1 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

Many Green pips,

Chris Svorcik

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