AUD/CHF Breakout Alert: Bullish Setup from Descending Wedge!🔻 Pattern: Descending Wedge
📐 Formed by lower highs and higher lows.
🟡 Indicates price compression — often a bullish breakout setup!
🔼 Breakout direction expected: UP
🟦 Support Zone
📍 Located around 0.52614 – 0.53000
📉 Price bounced multiple times here — strong buying interest
🛡️ Acts as a demand zone
🟢 Entry Point
🎯 Entry range: 0.53000 – 0.53188
💥 Breakout candle appears ready to close outside the wedge
⚡ Momentum may be building for a push higher
🎯 Target Point
🔵 Target: 0.54450
📈 Near recent highs — aligns with pattern breakout projection
🎉 Aiming for a good profit zone
🔴 Stop Loss
❌ Stop loss: 0.52623
🛑 Below the wedge and support — protects from a false breakout
⚖️ Keeps risk-reward ratio attractive
📊 Indicator
🧭 EMA 70 (Red Line) at 0.53360
🔄 Price hovering near it — crossing above = bullish signal
📌 Trade Setup Summary
🔸 Pair: AUD/CHF
🔸 Timeframe: 4-Hour (4H)
🔸 Pattern: Descending Wedge
🔸 Bias: Bullish
🔸 Entry: 0.53000 – 0.53188
🔸 Target: 0.54450 🟢
🔸 Stop Loss: 0.52623 🔴
✅ Conclusion
🚀 If price breaks above the wedge and EMA, this could be a high-probability long trade.
📏 Tight stop, wide target = good risk/reward setup!
