? EUR/USD, GBP/USD Bullish Momentum Awaits Wave 4 Pullback ?
Dear Traders,
The EUR/USD and GBP/USD are both showing massively strong bullish momentum after their breakout above resistance. The impulsive price action is probably a wave 3, which means that any bearish retracement could be just a dip for further upside.
This analysis explains how long setups can be found at the Fibonacci levels of wave 4. A bounce at support could see price continue within a wave towards 1.25 for the EUR/USD and 1.45 for the GBP/USD.
Check out the video for the full analysis and trade plans on 25 – 26 January 2018:
- EUR/USD, GBP/USD technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potentrial trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
See the video below for all of the details
Good trading,
Chris
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