Structure has shifted. Price broke below the recent higher-low, confirming a shift from bullish to bearish market structure — the key structural device giving this trade its conviction. That break is the trigger: a big trade printing at a broken structure level carries far more weight than one floating mid-range.
Trade Plan:
📍 Entry: Short 7456
🛑 Stop: 7500 (44 pts risk)
🎯 Target: 7300 (156 pts, ~3.5R)
Why this level:
7456 lines up as the retest zone of the broken structure — former support now acting as resistance. Sellers stepping in here, rejecting the retest, is the classic “structure break + retest” continuation pattern. If price fails to reclaim above 7500, the bearish leg stays intact and 7300 becomes the next magnet down.
Invalidation:
A reclaim back above 7500 negates the setup — that would put price back inside the prior structure and the short thesis is off the table.
Bias: Bearish continuation while price holds below 7456–7500.