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Trade Setup: Falling Wedge Breakout (Bullish Reversal)!

112
📈
🔹 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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