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$RE (1h) - Supply Zone Rejection
Bias: Short
Entry (Zone): 0.805 - 0.825
Targets:
TP1: 0.770
TP2: 0.748
TP3: 0.725
Stop Loss: 0.885
Why this Setup:
I see price retesting a prior supply area after a corrective bounce, and the move up still looks more like a relief rally than a full trend reversal. I want to short any failure to reclaim the 0.82 area, expecting a rejection back into lower liquidity and the recent support pocket.