🔻
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)
📝 Trade Plan (Short Position)
📌 Entry: ~$45.22 (Breakdown confirmation below wedge)
🛑 Stop-Loss (SL): $47.26 (Above wedge resistance / structure invalidation)
🎯 Take Profit Targets:
TP1: $43.06 (First support level – red line)
TP2: $40.45 (Stronger base support – green line)
📊 Risk-Reward Calculation
Risk: $47.26 - $45.22 = $2.04
Reward to TP1: $45.22 - $43.06 = $2.16
Reward to TP2: $45.22 - $40.45 = $4.77
➡️ Risk-Reward Ratios:
TP1: ~1:1.05
TP2: ~1:2.3
🔍 Key Technical Zones
🔻 Entry: Breakdown below wedge at $45.22
🧨 Stop-Loss: Above resistance at $47.26
🟥 Target 1: $43.06
🟩 Target 2: $40.45
✅ Summary
Setup favors bearish continuation below $45.22.
Clean invalidation above $47.26.
Solid R:R, especially if price reaches TP2.
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)
📝 Trade Plan (Short Position)
📌 Entry: ~$45.22 (Breakdown confirmation below wedge)
🛑 Stop-Loss (SL): $47.26 (Above wedge resistance / structure invalidation)
🎯 Take Profit Targets:
TP1: $43.06 (First support level – red line)
TP2: $40.45 (Stronger base support – green line)
📊 Risk-Reward Calculation
Risk: $47.26 - $45.22 = $2.04
Reward to TP1: $45.22 - $43.06 = $2.16
Reward to TP2: $45.22 - $40.45 = $4.77
➡️ Risk-Reward Ratios:
TP1: ~1:1.05
TP2: ~1:2.3
🔍 Key Technical Zones
🔻 Entry: Breakdown below wedge at $45.22
🧨 Stop-Loss: Above resistance at $47.26
🟥 Target 1: $43.06
🟩 Target 2: $40.45
✅ Summary
Setup favors bearish continuation below $45.22.
Clean invalidation above $47.26.
Solid R:R, especially if price reaches TP2.
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.