FET – Falling Wedge breaks Out to create Bull Flag

1 lug 2023

• Please Read my previous FET idea for more context.
  
• For now, it looks as if FET broke out of the Falling Wedge, and it is forming a Bull Flag.
  
• Falling Wedge target: 0.422 USD
  
• Bull Flag Target: 0.31 USD
  
• Both targets have confluence with daily resistance level and can serve as TPs.
  
• Final confirmation is when FET breaks above 0.2544 USD. You don’t have to wait for 0.25 to take the trade.
  

Trade Idea No.1:

• Entry: 0.235 USD (approximately, break out of the Bull Flag)/
  
• SL: 0.2040 USD
  
• Target: 0.4223 USD
  
• TP: 0.31, 0.4223 (leave some on the table)
  
• R: R: 1:6
  

Trade Idea No. 2:

• Entry: 0.254
  
• SL: 0.2238 (below the Flag’s resistance line)
  
• Target: 0.41
  
• TP: 0.31, 0.4223 (leave some on the table)
  
• R: R: 1:5.94