EUR/USD, GBP/USD Testing Wave B ? Resistance in Uptrend ?

2 min read

Dear Traders,

the EUR/USD indeed made a bullish bounce and breakout after completing a potential bearish wave A. But will price show a bearish reversal at 1.1950 and continue towards the 1.1750 target zone? This analysis reviews the potential bearish ABC zigzag and what the potential is for both bullish and bearish trade setups.

The GBP/USD first made a bullish fakeout last week but ultimately price broke the resistance of the range. The uptrend looks sturdy and this video analyses how far price can retrace before the uptrend might continue.

Check out the video for the full analysis and trade plans on 2 – 4 December 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

Good trading,

Chris Svorcik


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