If you want to play devil's advocate, here are both sides of the market i'm looking at for next week. EURUSD has been a bit tricky lately and it could easily continue down this week, however, i'm leaning towards the upside due to its strength in this reversal. I don't like how the H4 looks with that recent close, but the dollar index looks very bearish and heavy. I would like to see this week continue what the end of last week started, with seeing the euro take out that major high and show some life at the bottom, right now there is a >50% probability that EURUSD continues up. If that trend breaks to what the blue lines are showing, it then shifts to a <50% probability that EURUSD continues up.
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just because i never included this scenario, there may be a good chance that it happens. Watch for possibility of upside still on EU.
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Down we go
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Price looks like it may be interested in breaking up. We'll have to see what happens around the eco release at 8:30 EST today
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There's our move up :)
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now be careful of reversal here. If EU breaks that trend we could see an attempt to move much lower. With running last Friday's high, this would be an opportune time to reverse.
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EU Breaking down. Sell Side is gaining strength, careful out there.
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damnnn I never noticed the ascending wedge!! This is the only pattern i actually trust lol