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$GUA (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 1.27 - 1.31
Targets:
TP1: 1.24
TP2: 1.20
TP3: 1.15
Stop Loss: 1.34
Why this Setup:
I see the move as stretched after a sharp breakout into resistance, so I’m looking for a rejection from this area and a pullback toward prior support. The trend is still strong, but the recent wick shows momentum may be cooling, making a short continuation toward lower levels more attractive if price fails to hold above the highs.