What happens if I select a regulator?

Admiral Markets UK is regulated by the UK Financial Conduct Authority (FCA): Firm Ref № 595450.

Admiral Markets AS is regulated by the Estonian Financial Supervision Authority (EFSA): License № 4.1-1/46.

Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC): License number 201/13.

Selecting one of these regulators will display the corresponding information across the entire website. If you would like to display information for a different regulator, please select it.

Thank you, got it

EUR/USD Builds Rising Wedge Reversal Chart Pattern at Fibs

December 20, 2017 05:15


4 hour

The EUR/USD break below the 100% Fib level of wave 2 vs 1 invalidates the wave 2 (pink) and indicates an expansion of wave 4 (light purple). It needs to break the support or resistance trend line before the short-term direction becomes clear.

1 hour

The EUR/USD could still be in a wave X (blue) as long as price stays below the 138.2% Fibonacci level of wave X vs W. Price is probably completing a rising wedge chart pattern (red/blue lines) within wave X (blue).


4 hour

The USD/JPY broke above the resistance (dotted red) of the triangle pattern and is now challenging the 61.8% Fibonacci resistance level of wave B (purple). A bearish bounce could see price fall towards the Fib levels of wave 2 or B.

1 hour

A break above the 100% level at 113.75 would invalidate the ABC zigzag (purple).


4 hour

The GBP/USD support and resistance trend line could be a large bull flag chart pattern. A bullish breakout could confirm the pattern and a wave 5 of wave C.

1 hour

The GBP/USD seems to be building a potential wave 1-2 (green) pattern.

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

trade forex and cfd