Well as you can see in the W1 Timeline, in the past week;
EURUSD
rallies the price significantly and reached above 1.1300 Level and probably tries to touch and retest EMA 20, and for those who long trade fans; there is long position opportunity but need very small lot size because of probably volatility risk.
In other hand MACD give us a signal of divergence in H1 also a double top pattern that means there may short opportunity, but for me it's not a good idea to open short position when the main trend is bullish. by the way if price brokes 1.1300 level and fix below i will go short with 1:4 risk/reward and probably catch 100 pips.
In case price brokes 1.1350 resistance zone, i consider to long position with good feelings, because as i mentioned before, in the W1 Timeline we are below the average price of the chart and i think EUR needs to go up till 1.5000
Push Like if you like ;)
EURUSD
rallies the price significantly and reached above 1.1300 Level and probably tries to touch and retest EMA 20, and for those who long trade fans; there is long position opportunity but need very small lot size because of probably volatility risk. In other hand MACD give us a signal of divergence in H1 also a double top pattern that means there may short opportunity, but for me it's not a good idea to open short position when the main trend is bullish. by the way if price brokes 1.1300 level and fix below i will go short with 1:4 risk/reward and probably catch 100 pips.
In case price brokes 1.1350 resistance zone, i consider to long position with good feelings, because as i mentioned before, in the W1 Timeline we are below the average price of the chart and i think EUR needs to go up till 1.5000
Push Like if you like ;)