Bullish Breakout & Retest Setup - Great R:R Opportunity!- There's a **downtrend line** that got broken to the upside (marked with an arrow).
- After the breakout, price made a **small pullback** and seems to be finding support around the previous breakout zone.
- You're showing a **long setup** with a favourable risk/reward (small stop-loss area, large target zone).
- The oscillator below (maybe Wave Oscillator or Awesome Oscillator?) shows **momentum shifting**, which supports the bullish idea.
**Summary:**
✔ Breakout of a downtrend
✔ Retest and bounce
✔ Positive momentum building
Summary:
We have a clean bullish breakout from a short-term downtrend, followed by a textbook retest and bounce. Momentum indicators are shifting positively, suggesting a potential strong upside move.
Setup Details:
Entry: Current price (~25.60) after breakout and retest.
Stop-loss: Just below the retest low (~24.80).
Target: Major resistance zone around (~29.50 - 30.00).
Risk/Reward: Approximately 1:4 — excellent potential!
Technical Factors:
✅ Breakout of downtrend line
✅ Successful retest with bullish reaction
✅ Increasing positive momentum (oscillator turning green)
✅ Strong horizontal support below
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⚠️ Disclaimer: This is NOT financial advice. Always do your own research and manage risk appropriately!
