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$RIVER on 4H is showing a clear rejection from the 7.60–7.65 resistance zone after a strong impulsive move up.
Bias: Rejection / Short-term bearish
Entry: 7.55 – 7.65
SL: 8.02
Targets:
TP1: 7.20
TP2: 6.80
TP3: 6.50
This looks more like distribution under resistance rather than breakout continuation.
If price keeps failing below 7.65 and loses 7.40 support, downside momentum can expand quickly toward the 6.8 area.#GateSquareMayTradingShare