USD/CAD – 30-Min Long Trade Setup!

🔍 🚀
🔹 Asset: USD/CAD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout (Long Trade)

📌 Trade Plan (Long Position)
✅ Entry Zone: Above 1.43512 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 1.43098 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: 1.44211 (First Resistance)
📌 TP2: 1.45058 (Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 1.43512 - 1.43098 = 0.00414 per USD/CAD
📈 Reward to TP1: 1.44211 - 1.43512 = 0.00699 (1:1.7 R/R)
📈 Reward to TP2: 1.45058 - 1.43512 = 0.01546 (1:3.7 R/R)

🔍 Technical Analysis & Strategy
📌 Falling Wedge Breakout: Price is breaking out of a downward trendline, signaling a potential bullish reversal.
📌 Support Rejection: Strong bounce from 1.43098 support, confirming buyer interest.
📌 Breakout Confirmation Needed: Price should hold above 1.43512 with strong volume.
📌 Momentum Shift Expected: If price stays above 1.43512, an upside move to 1.44211, then 1.45058, is likely.

📊 Key Support & Resistance Levels
🟢 1.43098 – Stop-Loss / Strong Support
🟡 1.43512 – Breakout Level / Long Entry
🔴 1.44211 – First Resistance / TP1
🔴 1.45058 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for high buying volume above 1.43512 before entering.
📉 Trailing Stop Strategy: Move SL to break-even (1.43512) after TP1 (1.44211) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 1.44211, let the rest run toward 1.45058.
✔ Adjust Stop-Loss to Break-even (1.43512) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If price fails to hold above 1.43512 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above 1.43512 before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Breakout from a falling wedge suggests a potential trend reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.7 to TP1, 1:3.7 to TP2.

💡 Stick to the plan, manage risk, and trade smart! 🚀📈