EUR/USD, GBP/USD ? Await Breakout of Chart Patterns ?

2 min read

Dear Traders,

the EUR/USD is moving sideways in a triangle with support and resistance levels nearby. A breakout is needed before price can show momentum in either way. A bullish break targets 1.19 whereas bearish break aims at 1.1650.

The GBP/USD is building a large correction too but the pattern resembles a bull flag chart pattern which is a bullish continuation pattern. Main targets are at 1.3650 and 1.3750. The bullish pattern is invalid if price breaks below the 61.8% Fib.

Check out the video for the full analysis and trade plans on 19 – 20 December 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

See the video below for all of the details


Good trading,

Chris Svorcik

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