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$BEL (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 0.1720 - 0.1775
Targets:
TP1: 0.1675
TP2: 0.1590
TP3: 0.1500
Stop Loss: 0.1845
Why this Setup:
I’m fading the move after the sharp push into resistance because price is showing signs of exhaustion near the recent highs. I want a short only if it loses momentum here and starts rolling over, with room for a retrace back into the prior support levels.