Hi Traders, the EUR/USD daily candles are showing large wicks on top of the candle which could indicate a bearish retracement. But the 4H is indicating a bull flag pattern. Chris explains how he will trade these retracement and breakout setups. The GBP/USD made a strong bullish rally at the 38.2% Fibonacci retracement level and is likely to continue higher. Do you want to leave your feedback? Please write a review on Forex Peace Army. Ps. do not forget to check out our upcoming 3x Forex seminars on trading in Europe! The EUR/USD bullish continuation is aiming for a target at 1.15 with a potential end target at 1.1750. The upside is invalidated if a bearish candle is able to close below 1.1250.
The GBP/USD is in an uptrend and could continue higher if it is able to stay above the 38.2% Fibonacci retracement level.
Check out the video below for the full analysis and trade plans on 24 – 25 Feb 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: