๐ EUR/USD โ Bearish Setup as Wave C Unfolds Toward 1.1523
Price has retraced into the key 78.6% fib zone after completing Wave B. With clear rejection from the supply area and lower highs forming, Wave C is now in play. Expecting bearish continuation with potential downside targets around 1.1523.
๐ป SHORT BIAS (Wave C in Play)
๐ Entry Zone: 1.16530โ1.16945
๐ฏ Target: 1.15285
โ Invalidation: Above 1.17023
๐ Timeframe: 4H
๐ Pattern: ABC Zig-Zag Correction
๐ Updated Analysis by: greenfire_forex
๐ง Note: Wait for confirmation before entering. Risk management is key.
#EURUSD #ElliottWave #BearishSetup #ABCPattern #WaveC #PriceAction #ForexAnalysis #TradingView
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Let me know if any correction , would like to suggest
Price has retraced into the key 78.6% fib zone after completing Wave B. With clear rejection from the supply area and lower highs forming, Wave C is now in play. Expecting bearish continuation with potential downside targets around 1.1523.
๐ป SHORT BIAS (Wave C in Play)
๐ Entry Zone: 1.16530โ1.16945
๐ฏ Target: 1.15285
โ Invalidation: Above 1.17023
๐ Timeframe: 4H
๐ Pattern: ABC Zig-Zag Correction
๐ Updated Analysis by: greenfire_forex
๐ง Note: Wait for confirmation before entering. Risk management is key.
#EURUSD #ElliottWave #BearishSetup #ABCPattern #WaveC #PriceAction #ForexAnalysis #TradingView
---
Let me know if any correction , would like to suggest
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Disclaimer
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.