Based on the provided EURUSD 4-hour chart, here's a simple tradeEUR/USDOANDA:EURUSDThulaniMtetwaCurrent Situation: The price is currently at 1.13869, trading within a resistance zone (indicated by the pink shaded area around 1.13700 - 1.14000). Previously, the price reacted strongly to this area, leading to a significant drop. There's a clear upward trend leading into this resistance zone. Potential Trade Scenarios: 1. Short Entry (Bearish Reversal): Rationale: The price is at a significant resistance level that has caused a strong bearish reaction in the past. If this resistance holds, we could see a repeat of the previous downtrend. Entry Signal: Look for clear bearish candlestick patterns (e.g., engulfing pattern, pin bar, or rejection candle) forming within or just below the resistance zone (around 1.13700 - 1.14000). A break and retest of the lower boundary of this resistance could also be an entry. Target: The next major support zone appears to be around 1.11748 - 1.12000. Stop Loss: Place the stop loss just above the current resistance zone, perhaps around 1.14200 - 1.14500, to account for potential false breakouts. 2. Long Entry (Bullish Breakout Continuation): Rationale: If the current bullish momentum is strong enough to break through this resistance, it could signal a continuation of the upward trend. Entry Signal: Wait for a confirmed breakout above the resistance zone (e.g., a 4-hour candle closing clearly above 1.14000 - 1.14200). A retest of the broken resistance as new support would offer a higher-probability entry. Target: The next major resistance level is not immediately visible on this chart, but you would look for the next supply zone or previous swing highs. Stop Loss: Place the stop loss below the broken resistance, which would now act as support, perhaps around 1.13500. Key Considerations Before Entry: Confirmation: Do not enter solely based on the price reaching the zone. Always wait for a clear candlestick confirmation or a break and retest. Volume (if available): Higher volume on a breakout or rejection can add conviction to the move. News Events: Be aware of any upcoming high-impact news events that could affect EURUSD. Risk Management: Always define your stop loss and position size before entering any trade.