$ASR - SHORT Setup
Entry: 1.850 – 1.900 (On a rejection after retesting the breakdown level/resistance zone)
Target 1:1.700
Target 2:1.566 (24h Low)
Stop Loss:1.950 (Above the key swing high)
My View:
ASR is showing clear weakness after being rejected from the$2.034 high. The price has broken below immediate support levels and is now consolidating in a bearish flag pattern on the lower timeframes. The volume profile confirms selling pressure on the decline. The chart shows a potential lower high forming, and the price is struggling to recover. The $1.850–$1.900 area now represents a major supply zone (previous support turned resistance). The high-probability strategy is to short into this relief rally, anticipating a continuation of the downtrend and a retest of the recent low. Wait for a clear rejection candle for confirmation.
Bias: Bearish below $1.900. A break and hold above $1.950 would challenge the bearish view.
Disclaimer:My plan. Not advice. Trade your own risk.
