🔻 Pattern: Descending Wedge
📐 Formed by lower highs and higher lows.
🟡 Indicates price compression — often a bullish breakout setup!
🔼 Breakout direction expected: UP
🟦 Support Zone
📍 Located around 0.52614 – 0.53000
📉 Price bounced multiple times here — strong buying interest
🛡️ Acts as a demand zone
🟢 Entry Point
🎯 Entry range: 0.53000 – 0.53188
💥 Breakout candle appears ready to close outside the wedge
⚡ Momentum may be building for a push higher
🎯 Target Point
🔵 Target: 0.54450
📈 Near recent highs — aligns with pattern breakout projection
🎉 Aiming for a good profit zone
🔴 Stop Loss
❌ Stop loss: 0.52623
🛑 Below the wedge and support — protects from a false breakout
⚖️ Keeps risk-reward ratio attractive
📊 Indicator
🧭 EMA 70 (Red Line) at 0.53360
🔄 Price hovering near it — crossing above = bullish signal
📌 Trade Setup Summary
🔸 Pair: AUD/CHF
🔸 Timeframe: 4-Hour (4H)
🔸 Pattern: Descending Wedge
🔸 Bias: Bullish
🔸 Entry: 0.53000 – 0.53188
🔸 Target: 0.54450 🟢
🔸 Stop Loss: 0.52623 🔴
✅ Conclusion
🚀 If price breaks above the wedge and EMA, this could be a high-probability long trade.
📏 Tight stop, wide target = good risk/reward setup!
📐 Formed by lower highs and higher lows.
🟡 Indicates price compression — often a bullish breakout setup!
🔼 Breakout direction expected: UP
🟦 Support Zone
📍 Located around 0.52614 – 0.53000
📉 Price bounced multiple times here — strong buying interest
🛡️ Acts as a demand zone
🟢 Entry Point
🎯 Entry range: 0.53000 – 0.53188
💥 Breakout candle appears ready to close outside the wedge
⚡ Momentum may be building for a push higher
🎯 Target Point
🔵 Target: 0.54450
📈 Near recent highs — aligns with pattern breakout projection
🎉 Aiming for a good profit zone
🔴 Stop Loss
❌ Stop loss: 0.52623
🛑 Below the wedge and support — protects from a false breakout
⚖️ Keeps risk-reward ratio attractive
📊 Indicator
🧭 EMA 70 (Red Line) at 0.53360
🔄 Price hovering near it — crossing above = bullish signal
📌 Trade Setup Summary
🔸 Pair: AUD/CHF
🔸 Timeframe: 4-Hour (4H)
🔸 Pattern: Descending Wedge
🔸 Bias: Bullish
🔸 Entry: 0.53000 – 0.53188
🔸 Target: 0.54450 🟢
🔸 Stop Loss: 0.52623 🔴
✅ Conclusion
🚀 If price breaks above the wedge and EMA, this could be a high-probability long trade.
📏 Tight stop, wide target = good risk/reward setup!
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Disclaimer
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join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.