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EURUSD sell setup watch targets 4H fair value gap
The trade idea is canceled if EURUSD breaks above the July 27, 2026 high, or if it falls below the July 27, 2026 low without first tapping the 4H FVG.
A strategy shared by Action Forex focuses on a potential bearish setup in EURUSD, suggesting traders monitor price for a move toward a 4 hour fair value gap before looking for sell signals in that zone.
The approach lays out cancellation conditions. If price continues higher and breaks above the July 27, 2026 high, the setup is called off.
It also calls off the trade if price breaks below the July 27, 2026 low without tapping the 4 hour FVG first.
The article emphasizes risk management and notes the setup is part of a broader process of lining up multiple strategies before entering a trade.