EUR/USD Breaks Wedge πŸ”₯ and GBP/USD in Bearish Channel πŸ“‰ (Analysis & Setups 10-11 Oct)

Dear Traders,

the EUR/USD did not break below the 1.17 support and instead broke above falling wedge chart reversal pattern. This breakout offers trade setups if price manages to break above the 1.18 resistance or if price retraces deeper back towards the 1.17-1.1725 zone. The GBP/USD is building a bullish retracement towards the resistance of the downtrend channel and key 50% Fibonacci level, which offers bearish reversal and breakout setups.

Analysis and trade plans discussed on 10 – 11 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

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Source:: EUR/USD Breaks Wedge πŸ”₯ and GBP/USD in Bearish Channel πŸ“‰ (Analysis & Setups 10-11 Oct)

About the Author
Elite CurrenSea (ECS), founded by Chris Svorcik & Nenad Kerkez, is an award-winning Forex, CFD & Cryptocurrency trading solution provider. [space height="20"] 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). [space height="20"] You can learn more about the service provider through their website HERE

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