$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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