📈
🔹 Setup Type: Falling Wedge Breakout (Bullish Reversal)
✅ Entry Zone:
Around $0.7785 (Confirmed breakout above descending trendline)
🔒 Stop-Loss (SL):
Below $0.7595 (Recent swing low support)
🎯 Take Profit (TP) Targets:
TP1: $0.8318 – First resistance zone
TP2: $0.8450 – Strong horizontal resistance
TP3 (Optional): $0.8751 – Previous breakdown level
📊 Technical Highlights:
Price broke out of a falling wedge pattern with increasing volume.
Bullish engulfing candle followed by breakout confirmation.
Clear risk-reward shown with green target box.
🔹 Setup Type: Falling Wedge Breakout (Bullish Reversal)
✅ Entry Zone:
Around $0.7785 (Confirmed breakout above descending trendline)
🔒 Stop-Loss (SL):
Below $0.7595 (Recent swing low support)
🎯 Take Profit (TP) Targets:
TP1: $0.8318 – First resistance zone
TP2: $0.8450 – Strong horizontal resistance
TP3 (Optional): $0.8751 – Previous breakdown level
📊 Technical Highlights:
Price broke out of a falling wedge pattern with increasing volume.
Bullish engulfing candle followed by breakout confirmation.
Clear risk-reward shown with green target box.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.