EURUSD | D1 downtrend — wait for a 4H pullback, not a low chaseEUR/USDOANDA:EURUSDmasood112jOANDA:EURUSD • 4H execution / D1 context. Snapshot: 1.11406, Friday Nov 6 close; OANDA shows market closed, so this is a closed-session reference, not a live quote. The latest D1 bar reads O 1.12194 / H 1.12347 / L 1.11311 / C 1.11406 (-0.70%). Structure: daily swing highs have been stepping down from the recent 1.17 area, and the 4H chart remains a lower-high sequence. An early-November recovery toward 1.123–1.125 failed; the latest selloff returned price to short-term support near 1.113–1.108. Bias is bearish, but entry at the current low area is poor location. Conditional short: wait for a 4H retrace into 1.1180–1.1220 and a rejection/close back below it. Reference entry 1.1200 only after confirmation; invalidation 1.1265 (4H acceptance / daily close above the nearby pivot). Targets: 1.1100 then 1.1040. Reference risk is 65 pips; reward is 100 pips (~1.5R) and 160 pips (~2.5R). If the market opens with a gap, remeasure rather than reuse these levels. Alternative: if 1.113 support holds and price reclaims 1.122 on 4H, stand aside; a daily close above 1.1265 invalidates this bearish setup. Levels are approximate visual zones, not a signal to enter blindly; no guarantees, no FVG/OB/BOS claim. Analysis only, not financial advice.