🧠
📅 Timeframe: 30-Minute
💼 Type: Long Position
📈 Setup: Breakout from rising wedge + bullish continuation
📍 Trade Details:
Entry: $85.12 (breakout confirmation with bullish momentum)
Stop Loss: $83.85 (below wedge support & structure)
Target 1: $86.87 (minor resistance)
Target 2: $89.38 (major resistance / final target)
🔎 Technical Breakdown:
Strong rising wedge breakout with high momentum
Rejection wicks previously — now showing breakout candle through resistance
Structure shifted bullish, with room to run up to $89+
Volume not visible, but price action is clean and controlled
🎯 Risk/Reward Outlook:
Favorable RR > 2:1
Risk is tight; potential upside to strong resistance zones
Great reward for momentum traders
📅 Timeframe: 30-Minute
💼 Type: Long Position
📈 Setup: Breakout from rising wedge + bullish continuation
📍 Trade Details:
Entry: $85.12 (breakout confirmation with bullish momentum)
Stop Loss: $83.85 (below wedge support & structure)
Target 1: $86.87 (minor resistance)
Target 2: $89.38 (major resistance / final target)
🔎 Technical Breakdown:
Strong rising wedge breakout with high momentum
Rejection wicks previously — now showing breakout candle through resistance
Structure shifted bullish, with room to run up to $89+
Volume not visible, but price action is clean and controlled
🎯 Risk/Reward Outlook:
Favorable RR > 2:1
Risk is tight; potential upside to strong resistance zones
Great reward for momentum traders
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.