Hi Traders, the EUR/USD showed a strong bullish reversal at 1.1280 and now has a bullish pinbar on the weekly chart and engulfing twins on the daily. GBP/USD has kept its strong bullish momentum and could now be ready for a bull flag and continuation towards 1.3250-1.33 if price stays above 1.3125. Do you want to leave your feedback? Please write a review on Forex Peace Army.
The EUR/USD bullish price action is strong and a larger reversal is likely. The video discusses options how traders can find good ways of entering long trade setups that could aim for 1.1525, 1.1650, 1.1750 and 1.1850.
The GBP/USD bullish trend remains intact and a bull flag continuation chart pattern that stays above the 50% Fibonacci retracement level could indicate at least one more higher high before price hits the bigger resistance zon.
Check out the video below for the full analysis and trade plans on 27-28 Jan 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:
Good trading, Chris Svorcik Elite CurrenSea