Based on the attached chart of the EURAUD pair on the 4H frame, here is a detailed technical analysis of the expected movement: 1. Geometric pattern (harmonic) The chart shows the formation of a Harmonic model (often the Gartley or Bat model depending on the correction ratios), where the last descending wave was completed at the specified demand area. This type of model usually refers to a possible reversal in the trend from downward to the up once the “Potential Reversal Zone” (PRZ) is touched. 2. Support and Demand Zone • Target price to enter: The price is currently fluctuating near a strong support area confined between the levels of 1.6200 and 1.6280. • Price behavior: You notice a hand-painted “W”, indicating the expectation of Double Bottom as a confirmation signal of the price reversal from this region. 3. Technical vision and expectations • Bullish scenario: The analysis predicts a strong price rebound from the shaded green zone. The target drawn by the black arrow refers to targeting upper levels that may reach 1.6700 or higher, which represents a correction to the entire previous descending wave. • Confirmation: Price stability above the level of 1.6286 and the beginning of the formation of reversal candles (such as Pin Bar or Engulfing) will enhance the strength of this analysis. Summary of key points: • SPOUSE: EURAUD • Time frame: 4 hours. • Expected direction: Bullish after contact with the demand area. • Objective: Levels close to the previous summit of the model. Trading tip: It is always preferable to place a stop-loss order (SL) below the green zone (below the level of approximately 1.6130) to avoid any false breakout of the zone.