$BARD looks like it just ran out of breath.
After that fast, impulsive push up, price hit the 0.84–0.85 area and got rejected hard. That zone acted like a ceiling, and now we’re seeing consecutive bearish candles roll in. When a rally stalls like this and sellers start stepping in with structure, it usually signals a short-term correction, not immediate continuation.
Momentum has shifted from aggressive buying to controlled selling. This doesn’t mean the whole trend is dead, but in the short term, the market looks like it needs to cool off.
The entry zone to watch sits between 0.8080 and 0.8200. This area gives a better position without chasing the drop. It’s where price can pull back slightly before continuation to the downside.
Targets are layered. First take profit is 0.7950, a nearby reaction level where price could bounce. If selling pressure continues, 0.7800 becomes the next objective. The deeper corrective target stands at 0.7600 if momentum expands and sellers stay in control.
Risk is clearly defined. Stop-loss goes above 0.8500. If price pushes back above that resistance zone and closes strong on the 1H, the bearish idea breaks and the setup is invalid.
Bias stays bearish as long as price remains below the 0.83–0.85 area. The approach here is simple — scale out profits step by step, respect the stop, and let the market confirm each leg instead of assuming the full move happens at once.
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