Hi Traders, the EUR/USD made a strong bearish fall but a bullish bounce seems to indicate more upside. The price patterns remain bullish too. Chris discusses 3x bullish trade ideas. The GBP/USD remains volatile but price is now testing the previous top and high after a new lower low. Do you want to leave your feedback? Please write a review on Forex Peace Army.
The EUR/USD is expected to make a bullish bounce at 1.1320 or 1.1250 and eventually make a breakout within wave C towards 1.15, 1.1750 and even 1.19.
The GBP/USD remains unpredictable and a triangle pattern might appear if price fails to break the high and low.
Check out the video below for the full analysis and trade plans on 6-7 Jan 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