EUR/USD Outlook: Short-Term Upside Within Wave 4 Structure
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🧩 Medium-Term Structure: EURUSDEURUSD continues to develop within wave 4 of a larger impulsive move. Given the volume distribution and price behavior, the most likely correction pattern is a contracting triangle (cT).
Alternative forms for wave 4 include: - FL — Flat - EFL — Expanding Flat - RFL — Running Flat - cT — Contracting Triangle *(most likely)* - bT— Barrier Triangle - d3 — Double Three
📍 Short-Term Plan for the Coming Week: On lower timeframes, I expect upward movement targeting: - pwh — previous weekly high - Closing the 4H imbalance / FVG - Retesting one of the dynamic vWAP levels
💡 My trade setups are aligned with the scenarios illustrated on the chart.
📌 This view remains consistent with wave 4 development and suggests a possible “culmination” move to the upside before a potential larger reversal.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.