$RIVER is showing a short setup after sweeping buy-side liquidity at the 24h high and printing a sharp rejection wick back into lower range support.
Sellers agressively defended the $1.457 swing high, trapping late breakout buyers while momentum shifts back down toward the prior consolidation base around $1.25–$1.28.
EP: $1.340–$1.370
TP1: $1.284
TP2: $1.187
TP3: $1.089
SL: $1.465
The aggressive upside impulse swept stops above $1.450 before encountering sharp supply, creating high liquidity above the current price range that acts as tight invalidation. A pullback into the $1.34–$1.37 retest zone offers an optimal short entry with a ~1:3.2 risk/reward ratio down to lower structural support at $1.089. Position invalidation occurs on a sustained 4h candle close above the $1.457 high.
Sellers agressively defended the $1.457 swing high, trapping late breakout buyers while momentum shifts back down toward the prior consolidation base around $1.25–$1.28.
EP: $1.340–$1.370
TP1: $1.284
TP2: $1.187
TP3: $1.089
SL: $1.465
The aggressive upside impulse swept stops above $1.450 before encountering sharp supply, creating high liquidity above the current price range that acts as tight invalidation. A pullback into the $1.34–$1.37 retest zone offers an optimal short entry with a ~1:3.2 risk/reward ratio down to lower structural support at $1.089. Position invalidation occurs on a sustained 4h candle close above the $1.457 high.
