Trade Setup(BUY)
Pair (BTCUSD)
entry 105.300
Target point1 (107,000)
Target Point (112,000)
Entry Zone: Near the retest of the descending channel breakout.
Stop Loss: Below the last support or swing low (not explicitly marked but inferred from the pattern).
Take Profit (TP): Measured as the height of the wedge projected upwards (as indicated by the double-headed vertical arrow).
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🧮 Risk-to-Reward Ratio
From the vertical arrow in the chart:
Reward Zone (TP): Substantially higher than the risk zone.
Estimated Risk:Reward ≈ 1:3 or better.
This is generally considered a good trade setup, as anything above 1:2 is favorable.
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📝 Summary
Pattern: Falling wedge (bullish breakout)
Signal: Breakout + retest
Trade Style: Swing trade (4h chart)
Risk Management: Stop below retest zone; target based on pattern height
Risk:Reward: High (approx 1:3+)
Pair (BTCUSD)
entry 105.300
Target point1 (107,000)
Target Point (112,000)
Entry Zone: Near the retest of the descending channel breakout.
Stop Loss: Below the last support or swing low (not explicitly marked but inferred from the pattern).
Take Profit (TP): Measured as the height of the wedge projected upwards (as indicated by the double-headed vertical arrow).
---
🧮 Risk-to-Reward Ratio
From the vertical arrow in the chart:
Reward Zone (TP): Substantially higher than the risk zone.
Estimated Risk:Reward ≈ 1:3 or better.
This is generally considered a good trade setup, as anything above 1:2 is favorable.
---
📝 Summary
Pattern: Falling wedge (bullish breakout)
Signal: Breakout + retest
Trade Style: Swing trade (4h chart)
Risk Management: Stop below retest zone; target based on pattern height
Risk:Reward: High (approx 1:3+)
Trade closed: stop reached
BTCUSD entry 105.300
target point 107.000 and second 112000
now touch 110700 530+ pips secured close trade now and wait for next setup
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.