EURUSD 4H Range – Waiting for Support Break and Pullback

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EURUSD 4H Range – Waiting for Support Break and Pullback EUR/USDOANDA:EURUSDFXSMARTTOn the 4H timeframe, EURUSD is currently trading at 1.14150, with the key resistance level above at 1.14727. The range structure is intact. I am not selling at current levels. I am waiting for a confirmed breakdown below the key support at 1.13967 first. After a clean 4H close below this level, I will wait for a pullback to the broken level to enter a short position. Key Levels: Current Price: 1.14150 Resistance: 1.14727 Support (Breakdown Level): 1.13967 Support Targets: 1.13615 and 1.13261 Trade Plan – Short Setup (After Breakdown + Pullback): Step 1: Wait for price to break below 1.13967 with a clean 4H candle close. Step 2: Wait for price to pull back to the broken level (1.13967) and show bearish confirmation. Step 3: Enter short on confirmation. Entry: After bearish confirmation from the retest of 1.13967 Stop Loss: Above 1.14150 Take Profit 1: 1.13615 Take Profit 2: 1.13261 Invalidation: Price closes back above 1.14150 Pro Tips: 1. Do not short inside the range. Wait for the breakdown first. 2. Do not chase the breakdown. Wait for the retest. 3. The pullback to the broken level gives a much better entry. My Personal View: Price is at 1.14150. I am not selling here. I will wait for a breakdown below 1.13967, then a pullback, then short toward 1.13615 and 1.13261. Patience is key. Not financial advice. Trade at your own risk. Tags: EURUSD, Forex, Range, Breakdown, Pullback, SupportAndResistance, PriceAction, TradingView