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$BR (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.173 - 0.181
Targets:
TP1: 0.160
TP2: 0.149
TP3: 0.136
Stop Loss: 0.191
Why this Setup:
I’m looking for a short here because price has pushed into the upper end of the recent range and is starting to lose momentum after the strong impulsive move. I want to fade a rejection from this zone if buyers fail to reclaim the highs with conviction, since the current structure looks extended and vulnerable to a pullback.