🔹 1H Chart by PULSETRADESFX
Cable has broken out of a clean falling wedge pattern within a broader descending channel. Price respected key demand at 1.34060 – 1.34456, followed by a bullish breakout and retest of the wedge resistance.
With momentum now favoring the bulls, a recovery toward 1.35724 is on the cards as long as price sustains above 1.3445.
📌 Trade Plan:
Entry: 1.34507
Stop Loss: 1.34060 (Below demand zone)
Take Profit: 1.35724 (Channel midline resistance)
This setup highlights early reversal signals backed by structure, demand reaction, and wedge breakout.
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✅ Technical Highlights:
Falling wedge breakout
Retest confirmation
Demand zone bounce
Risk-to-reward > 2:1
📅 July 15, 2025
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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.