EURUSD Top Down Analysis + Trade PlanEuro/US DollarFX:EURUSDMichael_HardingStarting with the 1 hour timeframe, I'm bullish and just waiting for confirmations. Waiting first for price to break and hold above the resistance. == 4 Hour == First thing I see are the candles closing below each other on the 4 hour time. Second, I'm concerned we might get another bearish impulse as what saw previously (in blue). RSI is also below 50. These are my top 3 concerns that don't give confidence to go long. For me to gain confidence, first I want to see a green arrow which means the candle closed above the last one. Then I also want to see price action close above the current descending resistance. I also want to see RSI back above 50. Until that happens, I will wait for a key entry to go long == Daily Chart == What I'm seeing on the daily is the we had a bullish engulfing which was the last significant candle, then a 50% pullback of that candle. Right now price action is just pulling but likely to consolidate. Nothing major until next week on the economic calendar. == Weekly Chart == Bullish Confirmations: 1. Stochastics Oversold 2. Back above support