EURUSD: Uptrend kicking off?

I'm long $EURUSD from 1.16 give or take, and aiming to add once we break out from weekly resistance, which I think we will be tagging within 2 more days. There's a significant chance that the prevalent opinion that the dollar bottomed and that we are seeing a 'head and shoulders' top in the Euro are wrong, and all those shorts get squeezed to death. This would create a furious rally that could take us close to 1.3 during the course of 3 months give or take.
Stay safe, stay a contrarian...Best of luck!

Cheers,

Ivan Labrie.

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We hit the weekly mode on time, as I expected...now we need time to break up, so we will likely go sideways until it is doable.

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Now we should go sideways for a few days like I predicted.

Trade closed manually:

I'm out for now, but watching closely.

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I bought back 2 days ago, adding gradually for 2 more days.

Clearly I was right with my initial asessment.

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Bought into strength here.

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