$FXS Technical Analysis:

The ascending triangle pattern has been decisively broken to the upside, indicating strong bullish momentum. This breakout signals the beginning of a potential upward trend. After such a confident breakout, a price retracement toward the previous resistance (now turned support) is expected. If the price successfully retests this level and holds, we anticipate a continuation of the bullish trend.

Key Levels to Watch:

Breakout Level (former resistance): [Insert exact price, e.g., $X.XX]

Support Zone: Around the upper trendline of the triangle

Next Resistance Targets: [Insert levels based on Fibonacci, previous highs, or measured move projection]

Trade Outlook:

Bullish bias remains as long as price holds above the breakout level.

Look for confirmation signals (e.g., bullish engulfing, bounce on retest) for potential long entries.