Hi Traders, the EUR/USD uptrend is confirmed as price closed with a strong daily candle above the 21 ema high. This video shows how traders can catch a long setup. The GBP/USD is choppy and the best approach could be to keep an eye on the daily chart breakout. If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you! The EUR/USD will probably build a bearish retracement first but then price is expected to continue with the uptrend at the bottom of the bullish channel. A break above the 21 ema and channel could indicate an impulsive wave 3. The GBP/USD remains in a triangle chart pattern. The recent price action has been slow and moving sideways. For the moment the best advice is to monitor the daily chart.
Check out the video below for the full analysis and trade plans on 14-15 Apr 2019:
- EUR/USD, GBP/USD technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potential trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
EUR/USD, GBP/USD video: