Title: 📈 Falling Wedge Breakout with Daily Order Block Reaction | R:R 3.16 🚀
Idea:
Current Market Price (CMP)
- Pattern: Falling Wedge breakout on 4hr TF.
- Confluence: Price reacted at Daily Order Block, aligning with the support level.
- Target: 1.7300 (4H resistance).
- Risk-to-Reward (R:R): 3.16
Technical Analysis:
- A falling wedge signals a potential bullish reversal.
- Price bounced strongly from a key support level, breaking out of the wedge.
- Entry at CMP is supported by a clear reaction at the Order Block, further validating bullish momentum.
Plan:
- Entry: cmp
- Stop Loss: Below support (adjust based on your risk tolerance).
- Take Profit: 1.7300
Disclaimer:
This idea is for educational purposes only and not financial advice. Trade at your own risk. Always use proper risk management.
Your thoughts? Let’s discuss below! 🚀💬
Idea:
Current Market Price (CMP)
- Pattern: Falling Wedge breakout on 4hr TF.
- Confluence: Price reacted at Daily Order Block, aligning with the support level.
- Target: 1.7300 (4H resistance).
- Risk-to-Reward (R:R): 3.16
Technical Analysis:
- A falling wedge signals a potential bullish reversal.
- Price bounced strongly from a key support level, breaking out of the wedge.
- Entry at CMP is supported by a clear reaction at the Order Block, further validating bullish momentum.
Plan:
- Entry: cmp
- Stop Loss: Below support (adjust based on your risk tolerance).
- Take Profit: 1.7300
Disclaimer:
This idea is for educational purposes only and not financial advice. Trade at your own risk. Always use proper risk management.
Your thoughts? Let’s discuss below! 🚀💬
Trade closed: stop reached
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.
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.