price is slowing down at current price -We can see a huge Head & Shoulder pattern playing out -3rd bounce off the trendline as a confluence... -some sort of shooting star candlestick formation
Price has reached a daily sensitivity zone and we can look at h4 to see how sellers transition
Previous weekly we had a weekly bearish candle and the push to the upside that we are currently having is just a retracement and continue with the bearish trend..
yesterday we close with a strong bearish daily candle and with the dollar gaining some bullish momentum i will be selling EU all the way down to previous support
We closed the week with - A bearish weekly engulfing candle -Bullish daily engulfing candle therefore -On h4 we anticipate that slight pullback form some sort of a H&S pattern have shorterm buys to continue the daily bullish engulfing momentum and overally complete that weekly pullback for sellers to kick in and join the weekly momentum
We closed the week with - A bearish weekly engulfing candle -Bullish daily engulfing candle therefore -On h4 we anticipate that slight pullback form some sort of a H&S pattern have shorterm buys to continue the daily bullish engulfing momentum and overally complete that weekly pullback for sellers to kick in and join the weekly momentum