my weekly bias for $EURUSD
In the realm of 
EURUSD EURUSD trading, the recent price action has exhibited some intriguing dynamics. While it did traverse into the realm of a Bullish Monthly Fibonacci Voltage Gauge (FVG), the conviction behind this movement appears somewhat lacking, resembling more of Relative Equal Lows rather than a clear bullish momentum.
Zooming into the Weekly timeframe provides a clearer perspective, showcasing the prominence of Relative Equal Lows. Additionally, last week saw the creation of a Bearish Weekly Fibonacci Voltage Gauge (FVG), further accentuating the potential for a downward shift in sentiment.
Notably, just above the Weekly FVG lies a significant Bearish Daily Order Block, adding another layer of resistance to the price movement.
However, amidst this bearish backdrop, there exists the possibility of a bullish reversal signaled by a Bullish Inverse Fibonacci Voltage Gauge (IFVG) that price could potentially gravitate towards before embarking on an upward trajectory.
Analyzing the 4-hour timeframe reveals the delineation of two crucial price swings, which the current price action seems to be retracing. This retracement could be interpreted as a countertrend move, suggesting a temporary deviation from the overarching market sentiment.
Within the premium of the Dealing Range, noteworthy points include the high of the Weekly FVG and a 4-hour FVG positioned just above it, serving as potential resistance zones.
Looking ahead, confirmation of a significant market shift would come with price trading into the Weekly FVG, coupled with a bearish shift on the 4-hour timeframe. Such an alignment would provide the necessary confirmation for a Major Market Structure Move (MMSM) towards the Relative Equal Lows.
EURUSD EURUSD trading, the recent price action has exhibited some intriguing dynamics. While it did traverse into the realm of a Bullish Monthly Fibonacci Voltage Gauge (FVG), the conviction behind this movement appears somewhat lacking, resembling more of Relative Equal Lows rather than a clear bullish momentum.Zooming into the Weekly timeframe provides a clearer perspective, showcasing the prominence of Relative Equal Lows. Additionally, last week saw the creation of a Bearish Weekly Fibonacci Voltage Gauge (FVG), further accentuating the potential for a downward shift in sentiment.
Notably, just above the Weekly FVG lies a significant Bearish Daily Order Block, adding another layer of resistance to the price movement.
However, amidst this bearish backdrop, there exists the possibility of a bullish reversal signaled by a Bullish Inverse Fibonacci Voltage Gauge (IFVG) that price could potentially gravitate towards before embarking on an upward trajectory.
Analyzing the 4-hour timeframe reveals the delineation of two crucial price swings, which the current price action seems to be retracing. This retracement could be interpreted as a countertrend move, suggesting a temporary deviation from the overarching market sentiment.
Within the premium of the Dealing Range, noteworthy points include the high of the Weekly FVG and a 4-hour FVG positioned just above it, serving as potential resistance zones.
Looking ahead, confirmation of a significant market shift would come with price trading into the Weekly FVG, coupled with a bearish shift on the 4-hour timeframe. Such an alignment would provide the necessary confirmation for a Major Market Structure Move (MMSM) towards the Relative Equal Lows.
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