Hi Traders,
the EUR/USD is moving lower and the bearish breakout is aiming for the double bottom at 1.0925. The GBP/USD is showing a bearish reversal pattern which is aiming for 1.2350 at the very least.
If you think our videos, analysis, and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army.
The EUR/USD remains bearish but the consolidation zone and 1.0925 support needs to break before a larger move lower could be confirmed.
The GBP/USD is either in a bearish ABC zigzag or ABC flat correction. In both cases a bearish wave B seems to be taking place. A bullish move up could create a head and shoulders reversal chart pattern at the 61.8% Fib near 1.2525.
Check out the video below for the full analysis and trade plans on 23-25 September 2019:
Good trading,
Chris Svorcik
Leave a Reply