After the price breaks above the 0.500 Fib, it hits the 0.382 Fib resistance and the price moved down by 150 pips to continue the down trend that I have been talking about in the previous few posts.
If you are a user of my trade copier, you will see profits from the sharp down move on Friday.
The price looks set to continue its pave to hit the 1.618 extension that I have been talking about the whole of this month.
In fact, the down move on the EURUSD and GBPUSD on Friday can be predicted with my modified MACD taught in my forex course.
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Below is the performance of the trade copier for Feb 2021

If you have $1,000 in your account, you will have $1,805.80 in your account now which is $805.80 profits
If you have $5,000 in your account, you will have $$9,029 in your account now which is $4,029 profits
Let us come back to the forex signal for the EURUSD and GBPUSD for 1st to 5th march 2021
EURUSD Analysis
The EURUSD has moved back down and look set to continue its down move to hit the 1.618 extension. There is a support at 1.20528 which you have to take note of. From my modified MACD, it shows that the down move has strong momentum but I will predict that the down move will try to relieve the selling pressure on Monday when the market opens and therefore you may see the price moving sideway on Monday first before it continue its down move.

For those of you who are in my forex signal video, I have added a video to show you where exactly to enter the trade.
GBPUSD Analysis
For the GBPUSD, the Modified MACD is showing sign of weakening selling pressure and therefore we can expect the price to move sideway when the market opens on Monday

However the overall direction to trade is still DOWN for this pair
If you are interested to join my forex course and trade copier service, you can do it via the promotion below
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