EUR/USD Bullish ABC Zigzag ? and GBP/USD Contracting Triangle ?

2 min read

Dear Traders,

the EUR/USD bounced at the 61.8% Fibonacci support level and could be starting a larger ABC zigzag pattern up to 1.20. The critical part of the bullish potential depends on the 1 hour candle. A break below the low could see a larger correction. The alternative is a daily candle close above the resistance trend line.

The GBP/USD is in a contracting triangle pattern and we are waiting for a bullish or bearish breakout of the triangle.

Also, ecs.LIVE trades and analysis starts soon with 2 week free trial!

Check out the video for the full analysis and trade plans on 19 – 20 October 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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