EUR/USD Uptrend Continuation ? GBP/USD Massive Range ?

2 min read

Dear Traders,

the EUR/USD is building a breakout on the daily and weekly time frames. Price is in a contracting triangle chart pattern on the 1 hour chart and a bullish breakout could be the confirmation of an upside continuation. A bearish breakout see price test the Fibonacci support levels at around 1.1725-1.1750.

The GBP/USD remains in a large sideways range but the weekly chart is showing two bullish candles in a row. Price is in now in the middle of that range and could retest both the bottom and tops. The real breakout needs to occur on the daily chart with a strong bullish or bearish candle breaking above or below the range.

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

Good trading,

Chris Svorcik


Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of