Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
In this chart you all can clearly see BTC breakout the falling wedge with great volume now we used fib for assuming target so the golden part come nearly $13500, the bottom part where BTC done there bottom is a supportive fake out , which give power to BTC now both resistace of falling wedge is broken & we come above with that if we see the MACD it also bullish...
The falling wedge pattern which held the EUR/USD in the downtrend has been broken.
Also, the preceding bearish move was characterized with minimal corrective rallies.
Hence, this breakout will render a trend reversal, if at all a corrective rally, and move to the resistance at 1.3236.
1 Year Long Falling Wedge can be found on BEML Daily Chart.
If the chart is zoomed out, One can see the stock is sitting on Horizontal Support Currently.
RSI Bullish Divergence is visible and can expect bounce from this area.
Stop loss below horizontal support.