$NXPC #TradeStories I see a potential **falling wedge** pattern forming.
For a bigger reward:
1. **Confirmation:** Wait for a strong breakout above the upper trendline of the wedge.
2. **Entry:** Consider entering long after the breakout with increased volume.
3. **Stop-loss:** Place a stop-loss below the lower trendline or the breakout candle's low.
4. **Target:** Aim for a profit target that is the height of the widest part of the wedge added to the breakout point.Based on the chart:
1. **Breakout:** Watch for a strong candle closing above the upper trendline, roughly around **2.74**.
2. **Entry:** Consider a long entry shortly after the breakout, around **2.74-2.75**.
3. **Stop-Loss:** Place a stop-loss below the recent low within the wedge, perhaps around **2.65**.
4. **Target:** The widest part of the wedge is approximately from **2.62** to **3.15**, a height of **0.53**. Add this to the breakout point (**2.74**) for a potential target around **3.27**.
These are estimated levels; always use risk management.