EURUSD Analysis
EURUSD is on a overall (Larger timeframe) uptrend. This allows me to capitalize on the extra probability and search only for long possibilities. Fortunately there is always an exception to the rule. The head and shoulders indicated a shift in direction recently this week, doing so allowed there to be a smaller timeframe down trend. Which I believe was short lived. With a few minor pushes and pullbacks we could see the sellers losing momentum I believe it is because we are approaching a trend line zone from around May 20th... I'm hoping for a reaction to this zone and then a push towards the upside breaking resistance, then testing the new found SUPPORT, creating an inverse head and shoulders pattern and then continuing the overall higher time frame, upwards trend. These are just m thoughts going into the new week, please let me know what you think!
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