I'm currently neutral and watch EURUSD.
LONG:
We could see a continuation of the upward trend on the 1 hour, also supported by the oversold on the RSI - this will see a TP in the red zone TP1.
SHORT:
This is will be the bigger move of the 2 scenarios.
Note the potential double top on the 4 hour chart with two potential TP Targets. Waiting for a break of the 1 hour support line to enter a short trade.
Both scenarios are possible, I am waiting for the market to provide the confirmation of direction.
LONG:
We could see a continuation of the upward trend on the 1 hour, also supported by the oversold on the RSI - this will see a TP in the red zone TP1.
SHORT:
This is will be the bigger move of the 2 scenarios.
Note the potential double top on the 4 hour chart with two potential TP Targets. Waiting for a break of the 1 hour support line to enter a short trade.
Both scenarios are possible, I am waiting for the market to provide the confirmation of direction.