Context
W1 has entered a pullback after the recovery in the first half of 2026. D1 and H4 are declining from the October highs; the H1 recovery towards 0.8210 has given way to another decline. M15 retains lower highs, favouring a move from the current price towards November support. Target 2 is calculated by shifting the full lower area down by the November H4 range height. A rise above this wave high would invalidate the scenario.
Research scenario · For independent analysis · Not personal investment advice
Plan conditions
Entry: 0.81844 · current M15 price
Target 1: 0.8130–0.8175 Target 2: 0.8040–0.8085 The H4 decline and failed H1/M15 recovery favour a move towards support. Calculated Target 2 assumes a break below the November range.
Invalidation: H4 close above 0.8225.