The PENDLEUSD chart shows a descending triangle breakout on the 30-minute timeframe. Key levels to watch:
Entry Point: Near the breakout zone, confirming bullish momentum.
Stop Loss: Set below the triangle support at 5.7452 for risk management.
Take Profit: Targeting 6.3628, aligning with the next resistance level.
This setup features a strong risk-to-reward ratio, ideal for capitalizing on a potential trend reversal. Monitor closely for confirmation of upward movement.
Entry Point: Near the breakout zone, confirming bullish momentum.
Stop Loss: Set below the triangle support at 5.7452 for risk management.
Take Profit: Targeting 6.3628, aligning with the next resistance level.
This setup features a strong risk-to-reward ratio, ideal for capitalizing on a potential trend reversal. Monitor closely for confirmation of upward movement.
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