EUR/USD: Roadmap to 1.1600Euro/US DollarFX:EURUSDLingridMy last forecast The Big Picture 🛰️ The Euro’s attempt to stage a late-April comeback has slammed into a brick wall. We are currently navigating a massive Broadening Triangle (Macro) that has successfully capped every bullish impulse since March. The "easy money" on the long side is gone—now, we play the structural gravity. The Setup: Retest & Reject 🧩 The "Sell Area": Look at that red box near 1.1740 – 1.1760. This is the ultimate "confluence zone." It represents the point where the local Descending Wedge resistance meets the macro triangle’s upper boundary. The Fakeout: We saw a brief wick above this zone earlier, which successfully hunted the liquidity (stop-losses) of early bears. Now that the "weak hands" are out, the real move can begin. The Pivot: Price is currently hugging the underside of the local wedge. As long as we stay below 1.1720, the bearish momentum is officially in control. Trade Parameters 🎯 Entry Focus: High-probability shorts within the Sell Area or on the break of the current local consolidation. The Target: 1.1600. This isn't just a random number; it’s the lower structural support of the macro triangle and a major psychological liquidity pool. Risk Management: A clean 4H close above 1.1780 invalidates this setup. If the bulls reclaim that level, the macro triangle is broken, and we shift to a neutral/bullish stance. Bottom Line 💡 Don't fight the broadening formation. These patterns are designed to exhaust both sides, but the rejection at the upper boundary is as clean as it gets. Following the purple roadmap on the chart, expect a choppy "zig-zag" slide toward 1.1600 as the market reprices for the May cycle. What’s your plan? Are you shorting the current rejection or waiting for 1.1600 to look for a long-term bounce? Let’s talk in the comments! 👇 #EURUSD #Forex #TechnicalAnalysis #TradingStrategy #Euro #PriceAction #LingridForex