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$BEL (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.144 - 0.149
Targets:
TP1: 0.139
TP2: 0.136
TP3: 0.132
Stop Loss: 0.160
Why this Setup:
I’m looking for a short here because the rally has pushed price back into a clear resistance area after an impulsive move up, and the latest candles show fading momentum. I want to see any failed push through the recent highs, then a rotation back toward the lower liquidity levels where price previously consolidated.