Hi Traders, the EUR/USD seems to have completed 5 bearish waves as part of a larger ABC zigzag pattern that could aim for 1.1225-1.2250. The GBP/USD could make a bearish retracement before embarking on a 2nd breakout within the rising wedge chart pattern. Please write a review on Forex Peace Army. The EUR/USD is building a bearish ABC zigzag pattern within a potential bullish wave B, if price manages to stay above the support at 1.1180. Chart and wave patterns are favouring a larger reversal towards 1.15.
The GBP/USD made a strong bullish bounce at the bottom of the rising wedge chart pattern, which could indicate one more push higher towards 1.34.
Check out the video below for the full analysis and trade plans on 24 – 25 Mar 2019:
EUR/USD, GBP/USD technical analysis
Review of patterns, trends, key S&R levels
Explanation of potential trade ideas both up and down
Beginner friendly, explaining concepts in more detail