the EUR/USD is attempting to break the support trend line. The currency pair is in a wave C as expected but the bearish breakout would confirm an impulsive move lower towards the targets around 1.1650-1.1750.
The GBP/USD made a bullish spike but the move up proved to be short lived as price is making a larger bearish correction. The broken resistance at 1.3350 could provide strong support and a potential bullish bounce.
Check out the video for the full analysis and trade plans on 5 – 6 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
Fibonacci Trading & Wizz Tool
Start using to know when and where price is expected to accelerate
and show strong momentum.