📈
🔹 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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.