FTDR/USD – 30-Min Long Trade Setup!📌 🚀
🔹 Asset: FTDR (Frontdoor, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $42.07 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $40.39 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $44.97 (First Resistance Level)
📌 TP2: $48.47 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $42.07 - $40.39 = $1.68 risk per share
📈 Reward to TP1: $44.97 - $42.07 = $2.90 (1:1.73 R/R)
📈 Reward to TP2: $48.47 - $42.07 = $6.40 (1:3.8 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Breakout: Price has broken out of a falling wedge, a strong bullish reversal pattern.
📌 Support Rejection: The price tested $40.39 support and showed buying pressure.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $42.07 to confirm bullish momentum.
📌 Momentum Shift Expected: If price remains above $42.07, it could push toward $44.97, and further to $48.47.
📊 Key Support & Resistance Levels
🟢 $40.39 – Stop-Loss / Support Level
🟡 $42.07 – Breakout Level / Long Entry
🔴 $44.97 – First Resistance / TP1
🔴 $48.47 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $42.07 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($42.07) after TP1 ($44.97) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $44.97, let the rest run toward $48.47.
✔ Adjust Stop-Loss to Break-even ($42.07) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $42.07 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $42.07 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Bouncing from $40.39 support suggests a potential reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.73 to TP1, 1:3.8 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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