Chart Overview (EUR/USD — 4H)

70
Pair: EUR/USD

Timeframe: 4 Hour

Current Price: 1.13596

Key Concept Highlighted:
“This is where money is made — in the retrace, not the rally.”
(Focus is on catching retracements, not chasing rallies)



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Technical Breakdown

1. Wave Count (Elliott Wave context assumed)

The chart labels wave iii as complete.

A corrective move is underway (likely forming wave iv).

The next anticipated move is wave v rally to the upside — target zone shown near 1.22000–1.20000.



2. Key Zones

Immediate Support/Buy Zone: Small rectangle near the current price (likely minor demand zone).

Major Buy Zone: 1.10500–1.11500 (approximate)
→ Strong demand area backed by confluence of:

Previous wave structure support

Trendline retest

Cluster of economic event icons (suggesting high volatility catalysts)




3. Bias

Waiting for price to either:

Bounce from the immediate small support (early aggressive long), or

Dip deeper into the major buy zone for safer long entries.






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