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$BR (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.1580 - 0.1605
Targets:
TP1: 0.1540
TP2: 0.1510
TP3: 0.1480
Stop Loss: 0.1632
Why this Setup:
I’m looking for a short because price has pushed into a clear resistance area after a sharp intraday bounce, and the move still looks extended compared to the recent range. I want to fade a rejection from this zone and trade back toward the prior support levels below.