Chris Svorcik | TalkMarkets | Page 56
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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EUR/USD, GBP/USD Start Trading Week With Impulsive Breakouts
The EUR/USD bullish bounce has reached a resistance trend line. The GBP/USD has broken several resistance trend lines since the bullish bounce after completing wave X.
EUR/USD, GBP/USD Climb Quickly After Lower Low
The EUR/USD developed one more bearish dip to fully hit the long-term support trend line (green) and the 78.6% Fibonacci level. A break below this trend line would indicate a long-term bearish breakout potential.
British Referendum On European Union Membership: Impact On The Financial Markets
Will the UK will leave the European Union (EU) or will it remain? How would the economy respond? Nenad and Chris look forward to the expectations, polls and potential impact of both decisions on the Forex and financial markets.
USD/JPY Breaks Monthly 38.2% Fib. Support With Style
The EUR/USD did not break below the 61.8% Fibonacci target. The GBP/USD is respecting a support trend line and approaching a key Fibonacci level. The USD/JPY finally managed to break below the bottom (100% Fib.).
Major Currency Pairs Reach Key Fibonacci Levels
The EUR/USD broke the support trend line after yesterday's strong bearish 4 hour candle appeared. The GBP/USD is respecting a support trend line and approaching a key Fibonacci level. The USD/JPY was not able to break below the bottom yesterday.
GBP/USD Bearish Price Action Breaks Support But Approaches Fib Confluence
The EUR/USD bearish momentum seems to be building an ABC zigzag. The GBP/USD broke the support of the normally bullish falling wedge chart pattern. The USD/JPY is not able to show a strong bullish rally at the 88.6% Fibonacci level either.
Remarkable Wave Patterns Develop In Forex Market
The EUR/USD did not manage to break above the 61.8% Fibonacci resistance level and instead broke below the support trend line. The GBP/USD showed slow and corrective bearish action. The USD/JPY broke above the resistance trend line.
EUR/USD Prolongs Uptrend And USD/JPY Creates Falling Wedge
The EUR/USD is resuming its bullish trend with a new higher high. The GBP/USD is respecting the 61.8% Fibonacci retracement level.
EUR/USD Ready For Bullish Break In ABC Rally
The EUR/USD showed indecision yesterday in its movement. The GBP/USD is in a choppy consolidation with support and resistance marking the consolidation zone
Massive Price Action Waves Shake Forex Market
The EUR/USD showed a strong bullish bounce last week Friday. The GBP/USD showed a bullish rally as well, but price quickly turned back in a bearish mode when price hit the 61.8% Fibonacci resistance level.
Price Action Strategies Part 1
Tarantula and Chris discuss their best and simplest price action strategies over a 2 part webinar series which explain topics such as candle stick patterns, the best clues for entry and exit, the psychology behind candles and how to interpret them.
EUR/USD, GBP/USD Waves Simply Explain Roller Coaster Moves
The EUR/USD broke the support trend lines after bouncing at the 38.2% Fibonacci retracement level. The GBP/USD seems to be respecting the 78.6% Fibonacci level. The USD/JPY broke the support trend line.
EUR/USD, GBP/USD Waves Simply Explain Roller Coaster Moves
The EUR/USD broke the support trend lines after bouncing at the 38.2% Fibonacci retracement level. The GBP/USD seems to be respecting the 78.6% Fibonacci level.
EUR/USD Divergence Causes Breakout Above Downtrend Channel
The EUR/USD broke above the downtrend channel, which is partly caused by the divergence between the bottoms. The GBP/USD is showing strong bearish momentum. The USD/JPY broke the support trend line as expected.
EUR/USD, USD/JPY Breakout Aiming For Fibonacci Targets
The EUR/USD downtrend continues lower after making a retracement and breaking support. The GBP/USD failed to break the horizontal resistance. The USD/JPY broke the resistance of the contracting triangle chart pattern.
EU & UJ Breakouts, GU On Edge Of Breaking
GBPUSD falling wedge at support could lead to a rally towards 1.4750 Fib targets or a bearish break to 1.45, whereas the EURUSD movement will greatly depend on the patterns it makes at the daily/weekly support trend line.
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