$ATM – SHORT TRADE SIGNAL AFTER FAKEOUT REJECTION
STRONG REJECTION FROM $1.730
LOWER HIGH FORMATION WITH BEARISH ENGULFING
Price attempted a breakout above $1.70 but faced a sharp rejection from $1.73, forming a lower high and a strong bearish candle. This signals potential downside continuation as momentum shifts back to sellers.
Trade Setup:
Short Entry: $1.605
TP1: $1.570
TP2: $1.540
SL: $1.635
Market Outlook: Bearish bias below $1.635 as bulls lose momentum after the fakeout.
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