WEDGE RE-ENTRY, POTENTIAL SHORT OPPORTUNITY Euro / U.S. DollarFOREXCOM:EURUSDPipTipsHello traders! Here’s an idea for EURUSD based on current structure, trend, and momentum. (This is market analysis, not financial advice. Always use proper risk management and seek additional confirmations before entering a trade.) We’re looking at EUR/USD on the 4H timeframe. Price recently broke above the wedge trendline (the descending diagonal), but now it has: • Pulled back • Slipped back below the trendline • Started rejecting from that same trendline from underneath Price attempted a breakout… failed… and is now re-entering the wedge from above. This is typically a bearish signal for sellers and we see a move to retest the bottom of this wedge which would be a swing setup with a potential target around 1.15600 and an intraday target near 1.16000. A wedge re-entry is often a strong reversal signal because: • Buyers failed to hold the breakout • Momentum shifts back toward sellers • Liquidity gets swept above the highs before reversing This often leads to a full rotation toward the opposite side of the wedge. 1. First target: around 1.16100 • This aligns with a horizontal demand zone. 2. Final swing target: 1.15600 • Bottom of the wedge structure + old accumulation zone. This fits perfectly with classic wedge re-entry behavior folks. Key Confirmation to Watch If price does NOT retest the underside of the wedge and immediately sells off, that’s strong bearish continuation. BUT…If price retests the underside trendline (now resistance) near 1.16300–1.16400, that becomes a cleaner sell opportunity. Interesting to see how this plays out, good luck traders!