Hi all guys you ve see me less cause a bit off from trading to refresh the mind always analyzing but without taking trades probably again in this week! Anyway as we can see in the last two posts in here regarding EURUSD we have a long then short scenario that s showing his truth instead the last short was clearly a fake out and as i ve updated no trades were taken in that setup. So here a more updated chart on how price could perform the week ahead. Dollar remain strong and DXY chart showing us that the major ascending TL and so the big channel up is still intact and to me we re creating now a little channel inside in with two possible scenario i m going to share also that with you later today! The arrows here going to show where price could change direction after the drop and as we can see a little head n shoulder reverse version present itself what makes me think at a reverse here is ELLIOT WAVE PRINCIPLES cause after finish the 5th wave we ve strong impulse up and we know that after a cycle of wave we have usually an A,B,C pattern sequence so the leg A it s gone now we re seeing the B retracement and we wanna take the impulse leg C targeting our fib extencion. Anyway i m that type of reacting trader i love to forecast but i need to see how price action develop no magic ball here lol;) i will update stay tuned!