📈
🔹 Pattern:
A falling wedge pattern has formed and appears to have broken out with a strong bullish candle.
📌 Entry Zone:
Around $0.96 – near the breakout of the falling wedge pattern and previous horizontal support.
❌ Stop-Loss:
Below $0.85 – under the wedge's lower trendline and previous support zone (shown in white and yellow lines).
🎯 Take Profit Targets:
TP1: $1.0860 – nearest resistance level (white line)
TP2: $1.2603 – next horizontal resistance (yellow zone)
TP3 (Extended): $1.3516 or $1.5783 – potential upper resistances if strong momentum continues
🧠 Trade Logic:
The breakout from the falling wedge suggests reversal.
Entry aligns with previous horizontal support zone.
Volume also appears to pick up at breakout (check volume confirmation).
✅ Summary:
Direction: Long
Reason: Falling wedge breakout + support bounce
Targets: 1.08 → 1.26 → 1.35+
Stop: Below 0.85
Risk/Reward: Favorable if entered around 0.96
🔹 Pattern:
A falling wedge pattern has formed and appears to have broken out with a strong bullish candle.
📌 Entry Zone:
Around $0.96 – near the breakout of the falling wedge pattern and previous horizontal support.
❌ Stop-Loss:
Below $0.85 – under the wedge's lower trendline and previous support zone (shown in white and yellow lines).
🎯 Take Profit Targets:
TP1: $1.0860 – nearest resistance level (white line)
TP2: $1.2603 – next horizontal resistance (yellow zone)
TP3 (Extended): $1.3516 or $1.5783 – potential upper resistances if strong momentum continues
🧠 Trade Logic:
The breakout from the falling wedge suggests reversal.
Entry aligns with previous horizontal support zone.
Volume also appears to pick up at breakout (check volume confirmation).
✅ Summary:
Direction: Long
Reason: Falling wedge breakout + support bounce
Targets: 1.08 → 1.26 → 1.35+
Stop: Below 0.85
Risk/Reward: Favorable if entered around 0.96
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.