EUR/USD, GBP/USD Build ? Bear Retracements within Bull Trend ?

Dear Traders,

The EUR/USD is staying above the broken resistance trend line which seems to indicate the end of the bearish correction and the potential restart of the uptrend. A bullish 4 hour candle could be key in a potential trade setup that aims at 1.27 as its main target. The key invalidation level is closeby at the support fractal.

The GBP/USD is also breaking above resistance and is continuing its bullish path. Within the uptrend however a retracement could occur on lower time frames. A  bullish bounce at the bottom could indicate an uptrend continuation.

Check out the video for the full analysis and trade plans on 1-2 January 2018:

• 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

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