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$GUA (1h) - Overextended Rally Short
Bias: Short
Entry (Zone): 0.97 - 1.01
Targets:
TP1: 0.90
TP2: 0.82
TP3: 0.74
Stop Loss: 1.10
Why this Setup:
I see GUA stretched after a sharp impulsive move into the 1.05 to 1.15 resistance area, and I want to fade the continuation while price stays below that high zone. I’m looking for a short on any weak rebound into the 0.97 to 1.01 area, with a move back toward the prior support shelves if momentum keeps cooling off.