🎯 Take Profit Targets: 📌 TP1: 262.46 (First Support Level) 📌 TP2: 257.81 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): 268.19 - 266.42 = 1.77 risk per unit 📈 Reward to TP1: 266.42 - 262.46 = 3.96 (1:2.23 R/R) 📈 Reward to TP2: 266.42 - 257.81 = 8.61 (1:4.86 R/R)
🔍 Technical Analysis & Strategy 📌 Bearish Falling Wedge Breakdown: Price is breaking below a key trendline support, confirming a downside move. 📌 Resistance Confirmation: Strong resistance at 268.19, acting as a rejection zone. 📌 Volume Confirmation Needed: Watch for rising sell volume below 266.42 to confirm momentum. 📌 Momentum Shift Expected: Breaking below 266.42 could push price toward 262.46, with a further drop to 257.81.
📊 Key Resistance & Support Levels 🔴 268.19 – Stop-Loss / Resistance Level 🟡 266.42 – Breakdown Level / Short Entry ⚪ 262.46 – First Support / TP1 🟢 257.81 – Final Target / TP2
📉 Trade Execution & Risk Management 📊 Volume Confirmation: Ensure strong selling pressure below 266.42 before entering. 📉 Trailing Stop Strategy: Move SL to entry (266.42) after TP1 (262.46) is hit.
💰 Partial Profit Booking Strategy: ✔ Take 50% profits at 262.46, let the rest run toward 257.81. ✔ Adjust Stop-Loss to Break-even (266.42) after TP1 is hit.
⚠️ Fake Breakdown Risk ❌ If price reclaims 266.42, exit early to avoid a false breakdown. ❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts ✔ Bearish Setup – Breakdown below 266.42 signals potential downside. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Risk-Reward Ratio – Favorable 1:4.86 R/R to TP2. 💡 Stick to the plan, manage risk, and trade smart! 📉🔥