FET – Falling Wedge breaks Out to create Bull Flag
Please Read my previous FET idea for more context.
For now, it looks as if FET broke out of the Falling Wedge, and it is forming a Bull Flag.
Falling Wedge target: 0.422 USD
Bull Flag Target: 0.31 USD
Both targets have confluence with daily resistance level and can serve as TPs.
Final confirmation is when FET breaks above 0.2544 USD. You don’t have to wait for 0.25 to take the trade.
Trade Idea No.1:
Entry: 0.235 USD (approximately, break out of the Bull Flag)/
SL: 0.2040 USD
Target: 0.4223 USD
TP: 0.31, 0.4223 (leave some on the table)
R: R: 1:6
Trade Idea No. 2:
Entry: 0.254
SL: 0.2238 (below the Flag’s resistance line)
Target: 0.41
TP: 0.31, 0.4223 (leave some on the table)
R: R: 1:5.94