$SQD (1H) - Rejection Short


Bias: Short
Entry (Zone): 0.0423 - 0.0428
Targets:
TP1: 0.0416
TP2: 0.0406
TP3: 0.0394
Stop Loss: 0.0438
Why this Setup:
I see price pushing into a local resistance area after an impulsive move up, and I want to fade the extended move if momentum starts to roll over. I’m looking for a short from this zone with room back into prior support and a clean invalidation above the recent swing high.
SQD1.81%
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