That Wasn’t a Breakout, That Was a Mugging!

Wait 5 sec.

That Wasn’t a Breakout, That Was a Mugging!Micro EUR/USD FuturesCME_MINI:M6E1!stakkdThe Euro thought it could sneak one past the quant crowd. It creeped up into 1.1690–1.1710, broke some weak highs, and even teased a breakout. Then boom! rejected harder than a dodgy NFT pitch in 2024. We're inside a bearish channel, mid-supply zone, and price just faked out everyone chasing the highs. This is trap territory, and the sellers are circling like vultures. Why This Zone? - Bearish channel — structure holding strong - Liquidity grab — swept the highs, printed a long upper wick - SMMA resistance — price slammed into the dynamic ceiling - Wick = trap — always a mood This is where dumb money gets long. We don’t do that here. Tap, Trap, Slap Trade Plan (Short Bias) - Entry: 1.1695 (anywhere inside 1.1690–1.1710) - Confirmation: 15M/1H bearish engulfing or rejection wick - Stop Loss: Above 1.1725 (don't give it CPR) - TP1: 1.1650 – first shelf of support - TP2: 1.1610 – breakdown level - TP3 (greedy target): 1.1585 macro demand where bulls reload Staakd Rating: 7.5/10 Bearish Bias - Structure - Volume spike into supply - Rejection wick - Bullish continuation? Not yet, brotha! Invalidation Level If the 1H candle closes above 1.1725, I'm officially wrong. Close the trade. Don’t beg. Bonus Stats Supply rejections like this inside a defined channel with clean liquidity traps? these setups historically resolve short 65–70% of the time, assuming no news nukes the setup. Are you shorting this trap? Already in from the wick? Or are you waiting for price to cough up another fake out? Let’s hear it. Drop your setups, throw your TPs in the chat, and may your drawdown be nonexistent.