Hi Traders, EUR/USD finally made a bullish bounce without breaking below the bottom. Chris explains what is needed before trading the bullish reversal. The GBP/USD is building a triangle chart within the impulsive bullish price action. If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you! The EUR/USD seems to be making a bullish 5 wave pattern on the 1 hour chart if price is able to confirm the 5th wave up. After that a bearish pullback is expected to take place within wave 2.
The GBP/USD also is expecting a wave 5 within a potential wave 3 impulse. Price could aim for 1.3250 and the top of the range.
Check out the video below for the full analysis and trade plans on 4-5 Apr 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