1.256 is crucial, marking the june peak-turned-resistance, with multiple rejections hinting at supply abundance. today's test aligns with a deep retrace from march highs, following 200ma and 34ema cross-down, signaling bearish momentum. our short entry here targets key support at 1.179, where prior bullish divergences and absorption were evident on lower tfs. stop at 1.307 invalidates the setup, respecting the recent range high.
Entry at 0.09421, today's open, retests trendline from May high. Converging 50 EMA (0.0944) dynamically defends, RSI(48.1) hints at hidden divergence, signaling continuation. Target 1 at 0.0993 based on previous high's resistance flip. SL at 0.0908 to guard (2:1) R:R ratio, ensuring invalidation below key ascending trendline support.
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