EUR/USD, GBP/USD Testing Wave B πŸ”΄ Resistance in Uptrend πŸš€

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


Source:: EUR/USD, GBP/USD Testing Wave B πŸ”΄ Resistance in Uptrend πŸš€

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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