? EUR/USD, GBP/USD Test Fibonacci Support Levels in Uptrend ?

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Dear Traders,

The EUR/USD and GBP/USD are entering a decisive zone where they will indicate whether the trend is bullish or bearish. At the moment a bullish bounce at the deeper (61.8-88.6%) Fibonacci levels and a bullish continuation and breakout is most likely. But a break below the bottoms would invalidate the current structure and patterns and indicate a larger downtrend.

Check out the video for the full analysis and trade plans on 10-12 March 2018:

  • EUR/USD, GBP/USD, GBP/JPY 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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Istvan

Looking at the price movement on Friday after the bounce, it is moving back to fib level. So if this is a wave 2, the price just completed B? And C is forming?

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