The price has cleanly breached the lower support boundary of the wedge and a minor horizontal support level around 1.15722. The red arrow confirms a short-entry trigger following a minor retest of the broken structural dynamic support.
Invalidation (Stop Loss): The stop loss is structurally defined just above the recent consolidation cluster at 1.16584, providing a strict risk-managed buffer in case of a fakeout.
Target (Take Profit): The ultimate downside objective is set at 1.14789, aligning closely with historical horizontal support levels established earlier in the trend.
Invalidation (Stop Loss): The stop loss is structurally defined just above the recent consolidation cluster at 1.16584, providing a strict risk-managed buffer in case of a fakeout.
Target (Take Profit): The ultimate downside objective is set at 1.14789, aligning closely with historical horizontal support levels established earlier in the trend.
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