? EUR/USD Bearish ABC Zigzag Around the Corner ?

2 min read

Dear Traders,

The EUR/USD bullish momentum seems to have completed a bullish wave 1 and is now ready for a bearish wave 2 correction. A bearish break below support could trigger a wave 2 correction, which remain above 1.2150 support, otherwise a downtrend could emerge.

The GBP/USD is following a similar pattern as the EUR/USD and could be ready for a wave 1-2 followed by a bullish wave 3. The invalidation level is a break below the bottom and starting point of wave 1.

Check out the video for the full analysis and trade plans on 8-9 March 2018:

  • EUR/USD, GBP/USD, GBP/JPY 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 Svorcik
Elite CurrenSea

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