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🔹 Chart Pattern: Falling Wedge (Bullish Reversal)
🔹 Entry: Around 0.3613 (breakout candle)
🔹 Confirmation: Breakout from wedge + bullish attempt from lower trendline
🎯 Take Profit Targets
TP1: 0.3690 – Immediate resistance from previous consolidation
TP2: 0.3822 – Major resistance level from recent drop
TP3 (Aggressive): 0.3900 – Psychological & structural resistance (yellow line)
🔻 Stop-Loss (SL)
Below: 0.3554 – Just under the wedge bottom (structure invalidation)
📊 Trade Insights
Clean falling wedge structure with decreasing volume near the apex (classic setup)
Bullish risk-to-reward ratio visible on the trade box
Prior sharp drop followed by wedge consolidation – typical reversal behavior
🔹 Chart Pattern: Falling Wedge (Bullish Reversal)
🔹 Entry: Around 0.3613 (breakout candle)
🔹 Confirmation: Breakout from wedge + bullish attempt from lower trendline
🎯 Take Profit Targets
TP1: 0.3690 – Immediate resistance from previous consolidation
TP2: 0.3822 – Major resistance level from recent drop
TP3 (Aggressive): 0.3900 – Psychological & structural resistance (yellow line)
🔻 Stop-Loss (SL)
Below: 0.3554 – Just under the wedge bottom (structure invalidation)
📊 Trade Insights
Clean falling wedge structure with decreasing volume near the apex (classic setup)
Bullish risk-to-reward ratio visible on the trade box
Prior sharp drop followed by wedge consolidation – typical reversal behavior
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.