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$CLO (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.2070 - 0.2125
Targets:
TP1: 0.1975
TP2: 0.1885
TP3: 0.1765
Stop Loss: 0.2235
Why this Setup:
I’m treating this as a short continuation setup because price is stalling after a sharp rebound and the current push is struggling to build higher highs. I want to short into the upper edge of the range and look for a rejection back toward the prior support zones, with the invalidation only if price reclaims the recent swing high decisively.