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$ORCA 1h - Bearish Rejection Setup
Bias: Short
Entry (Zone): 1.63 - 1.71
Targets:
TP1: 1.58
TP2: 1.50
TP3: 1.42
Stop Loss: 1.78
Why this Setup:
I’m looking to fade this rebound because the chart is still forming lower highs and the recent bounce has not reclaimed key resistance. I want entries on strength into the 1.63 to 1.71 zone, where I expect sellers to defend and push price back toward the recent lows.
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