🔍
✅ Trade Type: Long (Bullish)
🔰 Entry Zone:
Price is breaking a falling wedge pattern near $131.88, confirmed by:
Bullish breakout from downtrend line (white line).
Support bounce near the yellow horizontal line (~$130.00).
🛑 Stop-Loss (SL):
$129.68
Below the recent support — logical invalidation level.
🎯 Take-Profit (TP) Levels:
TP1: $135.65 (red line – previous resistance)
TP2: $139.09 (green line – major horizontal resistance)
📊 Risk-to-Reward Ratio:
Excellent — roughly 1:3 R:R, depending on entry precision.
🔄 Technical Highlights:
Falling wedge (bullish reversal pattern) is breaking out.
Multiple rejection wicks at the bottom support line (accumulation sign).
Potential reversal from oversold conditions.
✅ Trade Type: Long (Bullish)
🔰 Entry Zone:
Price is breaking a falling wedge pattern near $131.88, confirmed by:
Bullish breakout from downtrend line (white line).
Support bounce near the yellow horizontal line (~$130.00).
🛑 Stop-Loss (SL):
$129.68
Below the recent support — logical invalidation level.
🎯 Take-Profit (TP) Levels:
TP1: $135.65 (red line – previous resistance)
TP2: $139.09 (green line – major horizontal resistance)
📊 Risk-to-Reward Ratio:
Excellent — roughly 1:3 R:R, depending on entry precision.
🔄 Technical Highlights:
Falling wedge (bullish reversal pattern) is breaking out.
Multiple rejection wicks at the bottom support line (accumulation sign).
Potential reversal from oversold conditions.
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.