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$CLO | 1h | Breakdown Retest
Bias: Short
Entry Zone: 0.2090 to 0.2160
Stop Loss: 0.2295
Targets:
TP1: 0.1960
TP2: 0.1840
TP3: 0.1760
Invalidation:
Close above 0.2295
Why This Setup:
I’m looking for a failed retest after the sharp rejection from the 0.30 area, with price now holding below prior support turned resistance. The recent bounce is weak against the broader downside structure, so I want to fade any relief move into resistance for continuation lower.