The EUR/USD is building a large triangle pattern but the overall structure of the market is still looking bullish. The video analysis reviews how traders can trade potential bullish setups by either trading a retracement or a bullish breakout.
The GBP/USD is showing a similar structure and is making a bearish retracement after a strong push up. The GU is probably building a wave 5 and can be expected to continue higher if price shows bullish candlestick patterns at the Fibonacci support levels.
Check out the video for the full analysis and trade plans on 23 – 24 January 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