EURUSD Wkly watch update

expecting some more push to the upside. speculators increased their net long positions with net long holdings @ 73k double from two weeks ago giving us the highest net long positions since 2011. and decreased their net short positions by 7k. we are still expecting throw over of our weekly descending triangle pattern point E into a former supply area and bottom of the tunnel. giving us a wide range in the upside target of 1.31-135 area and maybe higher from the upside momentum speculators are putting on the euro. ( a fake break out) What we are watching for. Yellow stochastic to finish its drift into the upper reversal zone on the wkly. a pull back and a failed snap back on the stochastic cluster giving us a lower high (right shoulder of a H&S pattern on the H4 TF) instead of waiting for the expected H&S pattern on the H4 TF and trading to the short side on a neckline break. "IF" our expected price action unfolds as we think it might. We plan on going short with a trend line break of the left shoulder. (the bull trap). If this pair breaks out to the upside. We will sit on the sideline waiting for price structure to give us something to the upside. like a retest of the triangle break out etc etc. For now tho and probably for the next week or two price is too expensive for us to consider a long position and without any clear decision that speculators are planning to take this pair lower. its the old sit back and watch position we are taking for now.