By Admiral Markets
The EUR/USD and GBP/USD are showing strong bullish impulsive price action but a bearish retracement is likely to occur first. The pullback will probably take place via chart pattern formations such as a flag or triangle.
Watch the 10 min video here:
Many green pips,
Chris Svorcik
Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.
Free Reports:
Article by Admiral Markets
Source: Chart Patterns After Bullish Impulse (Forex Overview 15 Jan)
Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.