EUR/USD Breaks Wedge ? and GBP/USD in Bearish Channel ? (Analysis & Setups 10-11 Oct)

Dear Traders,

the EUR/USD did not break below the 1.17 support and instead broke above falling wedge chart reversal pattern. This breakout offers trade setups if price manages to break above the 1.18 resistance or if price retraces deeper back towards the 1.17-1.1725 zone. The GBP/USD is building a bullish retracement towards the resistance of the downtrend channel and key 50% Fibonacci level, which offers bearish reversal and breakout setups.

Analysis and trade plans discussed on 10 – 11 October 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

Many Green pips,
Chris Svorcik

My twitter: @ChrisSvorcik

More info on our ecs.SWAT course and trading system

Twitter: @EliteCurrenSea

YouTube: Elite CurrenSea

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