Falling wedge - the end of longer consolidation?

The chart shows the next picture:
- after the breakout of local inclined resistance the price moves mostly in 60.00-75.00 horizontal channel
- evident falling wedge formation
- current attempts to breakout pattern's resistance

The recommendation is to buy

Entry point 67.00 (this price is going to be a confirmation of the signal)
Stop-loss 64.90 (-2 tics under 64.92 low of current fractal )
Take profit 75.00 (strong resistance level )
Risk/return ratio 1:3
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out