![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Strong-BO-Bears-Want-HH-MTR.jpg\" "\\"\\"")
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- This\u00a0week\u2019s candlestick on the\u00a0weekly EURUSD Forex chart<\/a> was a bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create a strong bear entry bar, or if the follow-through selling would be weak and the candlestick close with a long tail below or with a bull body instead.<\/li>\n\n\n\n
- The bears could not create a bear entry bar, and the market traded higher to retest the April 21 high.<\/li>\n\n\n\n
- They see the current move as a retest of the April 21 high and want a reversal from a higher high major trend reversal and a wedge pattern (Mar 18, Apr 21, and Jun 12).<\/li>\n\n\n\n
- They want a failed breakout followed by a retest of the middle of the trading range.<\/li>\n\n\n\n
- They must create strong bear bars with sustained follow-through selling to show they are back in control.<\/li>\n\n\n\n
- The bulls got a retest of the April 21 high and want a strong breakout and a measured move based on the height of the trading range. That would take the market to the 2021 high area.<\/li>\n\n\n\n
- They want another big leg up to complete the wedge pattern, with the first two legs being March 18 and April 21. The third leg is currently underway.<\/li>\n\n\n\n
- The market traded above the April 21 high this week but closed below it with a long tail above.<\/li>\n\n\n\n
- The bulls must create a strong breakout above the April 21 high with follow-through buying over the next few weeks to increase the odds of a measured move up.<\/li>\n\n\n\n
- The move up (Jun 12) is in a tight bull channel with stronger buying pressure (big bull bars, consecutive bull bars) as compared to the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n
- Traders expect a retest of the April 21 high. It has done so.<\/li>\n\n\n\n
- The long tail above this week\u2019s candlestick indicates some selling activity (albeit not strong yet) above the prior swing high.<\/li>\n\n\n\n
- Most breakouts from trading ranges fail. Markets have inertia and tend to continue what they have been doing.<\/li>\n\n\n\n
- That means trading ranges (and trends) are resistant to change and tend to continue.<\/li>\n\n\n\n
- The bulls must create strong follow-through buying breaking above the April 21 high to increase the odds of a successful breakout.<\/li>\n\n\n\n
- If the move lacks strong follow-through buying (overlapping candlesticks, doji(s), inside bars, long tails above candlesticks), the odds of a higher high major trend reversal or a double top will increase.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying trading above the April 21 high.<\/li>\n\n\n\n
- Or will the follow-through buying be weak and the market stall around the April 21 high instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Want-Strong-BO-Bears-Want-HH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n - Last week<\/a>, we said traders would see if the bears could create a strong bear entry bar, or if the follow-through selling would be weak and the candlestick close with a long tail below or with a bull body instead.<\/li>\n\n\n\n