the EUR/USD closed with a strong bullish daily candle on Friday and was unable to break the 1.17 support at the 23.6% Fib. The video discusses both a bullish bounce and bearish breakout trade setup of the falling wedge chart pattern. The GBP/USD is showing strong bearish momentum and is expected to show a bearish trade setup around 1.31 for further bearish continuation towards 1.2975-1.30.
Analysis and trade plans discussed on 8 – 10 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