the EUR/USD has completed a bearish wave C and is now preparing for a bullish ABC towards 1.22-1.23. The GBP/USD is also looking bullish and is expected to aim at Wizz 7 level near 1.3860.
If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army. Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.
The EUR/USD is expected to move up towards 1.21 to complete a wave A before building an ABC lower within wave B. A bullish bounce should confirm the start of a bullish wave C.
The GBP/USD made a strong bullish bounce at the 233 ema close. A bullish continuation is now also expected. A bearish pullback could offer an opportunity for a potential long setup.
Check out the video below for the full analysis and trade plans on 7 – 9 Feb 2021: