Chris Svorcik | TalkMarkets | Page 40
Forex Trader, Analyst, Educator
Contributor's Links: Elite CurrenSea
Chris Svorcik is co-founder, trader, and analyst with Elite CurrenSea since 2014. He is the creator of the trading method called ecs.SWAT (simple wave analysis and trading) which is based on the chart and price patterns of the financial markets. Chris’s favorite tools for Forex analysis are ...more

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GBP/USD Breaks Above Key 1.30 Resistance With Sturdy Impulse
The GBP/USD broke sturdily above the previous top which is indicated by the dotted red trend line. The breakout candle is showing strong momentum, which could indicate that the Cable could continue towards the Fibonacci targets of wave 5 vs 1+3.
USD/JPY Builds Potential Head And Shoulders Reversal Chart Pattern
The USD/JPY broke back above the resistance trend line and could be retracing within a wave 2. The structure is valid unless price manages to break above the 100% level, which would invalidate the wave 2 and potential reversal for a new downtrend.
EUR/USD Bearish Momentum At 1.15 Could Start Wave 4 Retracement
The EUR/USD bullish breakout reached the 1.15 target but then fell quickly down to 1.14. The USD/JPY made a bearish decline of about 150 pips. The GBP/USD made one more lower low but the price did not break below the 61.8% Fibonacci level.
EUR/USD Bullish Bounce And Breakout Reaches First Target At 1.15
The EUR/USD bounced at the support trend line and then broke above the previous top. Price has now reached the 1.15 target which could cause a potential retracement.
EUR/USD, GBP/USD Approaching Confirmation Or Invalidation Zone Of Wave-4
The EUR/USD is moving sideways after failing to break above the previous top. A bullish breakout could however restart the uptrend towards the Fibonacci targets of wave 5 vs 1+3 and the round level of 1.15.
EUR/USD Trapped Between Resistance Top And Wave 4 Fibonacci
The EUR/USD retraced back and bounced at the Fibonacci levels. The USD/JPY broke above resistance. The GBP/USD retraced to deeper Fibonacci support levels.
EUR/USD Wave 3 Momentum After 1.13 Bounce And Trend Line Break
The EUR/USD is showing strong bullish momentum as part of a wave 3. Once price makes a correction, there could be a wave 4 and 5 before completing wave 5.
EUR/USD Bounces At 50% Fib But Needs Break To Confirm Wave 4-5
The EUR/USD break above resistance could see price approach the Fibonacci targets of wave 5 which could complete wave 3. Price is now close to broken resistance levels, which is indicated by the support zone
EUR/USD, USD/JPY Setup Contracting Triangle Chart Patterns
The EUR/USD pullback is creating a contracting triangle chart pattern via the trend lines. A bullish break above resistance could see price approach the Fibonacci targets of wave 5 which could complete wave 3.
EUR/USD, USD/JPY Wave 4 Arrives At Fibonacci Decision Zone
The EUR/USD is building a pullback after breaking above resistance. A bullish bounce could see price approach the Fibonacci targets of wave 5 which could complete wave 3
EUR/USD Builds Wave 4 Correction With Strong Support Zone
The EUR/USD break above resistance is showing strong bullish momentum. Price is approaching Fibonacci targets of wave 5 which could complete wave 3.
GBP/USD Rising Wedge Pattern Sets Up Wave 4 Pullback
The GBP/USD could build a potential break, pullback, and continuation pattern after breaking the resistance trend line.
EUR/USD Break, Pullback And Continuation Pattern Will Soon Test 1.15 Resistance
The EUR/USD used the key resistance at 1.13 again but this time as a support level. Price is now above 1.14 and could be testing the 1.15 resistance soon which is the 200% Fibonacci level of wave 3.
EUR/USD Breaks Above Massive 1.13 Resistance And Continues Uptrend
The EUR/USD broke above the critical and important resistance levels at 1.13 which invalidated the bearish wave structure. Price also has managed to finally break the sideways range which was indicated by support and resistance.
USD/JPY Breakout Above Resistance And Pullback To Wave-4 Fibs
The USD/JPY broke above the resistance trend line mentioned yesterday and it seems to be expanding the wave 5 with 5 internal waves.
EUR/USD Bullish Momentum Faces Resistance Fibonacci Levels
The EUR/USD broke above the resistance trend line which is a continuation of the wave 2 retracement. A break above the 100% level at 1.13 invalidates both waves 2 but bearish breakout below the bottom at 1.11 makes a potential wave 3 more likely.
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