EUR/USD Bearish Reversal πŸ“‰ But GBP/USD Retracement πŸš€

Dear Traders,

The EUR/USD made a strong reversal after hitting double top. The bearish momentum is indicating a high chance that price will make a larger bearish ABC correction back to the previous support levels at 1.2250. The bearish retracement will probably end there and see the larger uptrend continue towards 1.27.

The GBP/USD is also building a bearish correction but price is not moving lower as impulsively. This makes it more likely that price is building a mild bearish correction rather than a larger retracement. It seems likely that the GU will continue with its bullish momentum towards the previous high/top.

Check out the video for the full analysis and trade plans on 18-19 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

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Source:: EUR/USD Bearish Reversal πŸ“‰ But GBP/USD Retracement πŸš€

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Elite CurrenSea
About the Author
Elite CurrenSea (ECS), founded by Chris Svorcik & Nenad Kerkez, is an award-winning Forex, CFD & Cryptocurrency trading solution provider.
Nenad & Chris offer market analysis, free education and proprietary trading systems. Their combined trading experience of over 30 years helps them to navigate the markets applying their favourite Wave Analysis Theory (Chris Svorcik) and Camarilla Trading Method (Nenad Kerkez).
You can learn more about the service provider through their website HERE

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