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$FIL (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 1.10 - 1.14
Targets:
TP1: 1.06
TP2: 1.02
TP3: 0.98
Stop Loss: 1.16
Why this Setup:
I’m seeing a strong impulsive run into resistance followed by choppy consolidation, which makes me favor a fade if price rejects the upper supply area again. I want to sell into strength while momentum is losing steam, and I’ll look for a move back toward the prior breakout levels if support starts to slip.
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