๐ Risk-Reward Ratio Calculation ๐ Risk (SL Distance): 150.060 - 149.481 = 0.579 risk per unit ๐ Reward to TP1: 150.709 - 150.060 = 0.649 (1:1.12 R/R) ๐ Reward to TP2: 151.582 - 150.060 = 1.522 (1:2.63 R/R)
๐ Technical Analysis & Strategy ๐ Falling Wedge Breakout: Price has broken out of a falling wedge, a strong bullish reversal pattern. ๐ Support Rejection: The price tested 149.481 support and showed buying pressure. ๐ Volume Confirmation Needed: Ensure high buying volume when price holds above 150.060 to confirm bullish momentum. ๐ Momentum Shift Expected: If price remains above 150.060, it could push toward 150.709, and further to 151.582.
๐ Key Support & Resistance Levels ๐ข 149.481 โ Stop-Loss / Support Level ๐ก 150.060 โ Breakout Level / Long Entry ๐ด 150.709 โ First Resistance / TP1 ๐ด 151.582 โ Final Target / TP2
๐ Trade Execution & Risk Management ๐ Volume Confirmation: Ensure high buying volume above 150.060 before entering. ๐ Trailing Stop Strategy: Move SL to entry (150.060) after TP1 (150.709) is hit.
๐ฐ Partial Profit Booking Strategy: โ Take 50% profits at 150.709, let the rest run toward 151.582. โ Adjust Stop-Loss to Break-even (150.060) after TP1 is reached.
โ ๏ธ Fake Breakout Risk โ If the price fails to hold above 150.060 and drops back, exit early to avoid losses. โ Wait for a strong bullish candle close above 150.060 before entering aggressively.
๐ Final Thoughts โ Bullish Setup โ Bouncing from 149.481 support suggests a potential reversal. โ Momentum Shift Possible โ Watch for volume confirmation. โ Favorable Risk-Reward Ratio โ 1:1.12 to TP1, 1:2.63 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
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