Full Top-Down Analysis for $EURUSD

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Full Top-Down Analysis for $EURUSDEuro/US DollarFX:EURUSDThe-white-goatHere is my current full top-down analysis for EURUSD. We have some very clean structural developments across the timeframes. 🫡 Weekly Timeframe: On the weekly chart, we are looking at a large-scale primary bullish sequence. After a clean correction into the previous B-point, the market activated this structure and is currently trending higher. The main C target region for this long-term move is located much higher, acting as the ultimate objective for the coming months. 4H / Local Price Action: Looking at the 4H chart, we can see the internal mechanics more clearly. A previous bearish sequence successfully reached its target region at the bottom, which served as a valid origin for a new bullish sequence. This local bullish sequence has now reached and traded into its C target region (around the 1.18500 area). According to the SK rules, this target is now considered worked off. We are currently seeing a reaction from this zone, which has allowed for a secondary bearish setup to form. Trade Plan: I am currently looking at a short play as a reaction from the completed bullish C target. This secondary bearish structure is targeting the correction area of the previous bullish move, creating a high-probability confluence zone. My execution plan is as follows: Entry: 4 limit orders spread across the marked correction area (0.5 - 0.667). Risk Management: Move to Breakeven once price reaches 2 R/R. TP1: 3 R/R — close 30% of the position. TP2: Opposite correction level — close 10%. TP3: Local low — close 10%. TP4: Remaining position closed 5 pips before the target region of the secondary structure. The setup remains valid as long as the local high (point 0 of the secondary structure) is not breached. I will manage the trade according to the plan as price develops. Let me know which pair I should cover next! ❤️