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$CLO (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.1670 - 0.1700
Targets:
TP1: 0.1600
TP2: 0.1550
TP3: 0.1500
Stop Loss: 0.1735
Why this Setup:
I’m looking for a short after the sharp rebound into the 0.19 area started to fade, with price now losing momentum back under resistance. I want a retest of the 0.1670 to 0.1700 zone for continuation lower toward the prior support levels.