EURUSD price action is at a decision point on the 4H with a retest of previous structure resistance. For the aggressive traders out there, you're looking for a short at market given the following : retest of structure resistance, RSI overbought, and dojo candle signaling indecision. In this case, you're looking to place a SL 20 pips above entry and TP at previous structure high around 1.0619. Decent risk/reward profile.
For less aggressive traders, you can look for an extension beyond resistance level and retracement to the support (resistance becomes support), then buy at the support.
Given the fact that it is the weekend, I would wait to see the if we will have a bullish or bearish candle before choosing the direction.
For less aggressive traders, you can look for an extension beyond resistance level and retracement to the support (resistance becomes support), then buy at the support.
Given the fact that it is the weekend, I would wait to see the if we will have a bullish or bearish candle before choosing the direction.