1. Entry Zones:
Conservative Entry: Wait for a pullback to the 0.4993–0.4880 support zone (around Fibonacci 0.236 level).
Aggressive Entry: Enter after a confirmed breakout and strong bullish candle close above 0.5163 resistance.
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2. Take-Profit Targets:
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3. Stop-Loss Levels:
Conservative Entry SL: Below 0.4700 (beneath Fib 0.382 support).
Aggressive Entry SL: Below 0.5100 (in case of false breakout rejection).
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4. Risk/Reward Ratio (RRR):
Conservative Entry: ~2.5 to 3
Aggressive Entry: ~1.8 to 2.5
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5. Entry Confirmation Checklist:
Bullish crossover in Stochastic RSI
RSI holding above 50
Strong bullish candlestick pattern (e.g. Marubozu, Bullish Engulfing)
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6. Additional Notes:
Use position sizing (e.g. 30% initial, 30% on pullback, 40% after breakout)
Move SL to breakeven after TP1 hits
Consider trailing stop for TP2 and
Conservative Entry: Wait for a pullback to the 0.4993–0.4880 support zone (around Fibonacci 0.236 level).
Aggressive Entry: Enter after a confirmed breakout and strong bullish candle close above 0.5163 resistance.
---
2. Take-Profit Targets:
---
3. Stop-Loss Levels:
Conservative Entry SL: Below 0.4700 (beneath Fib 0.382 support).
Aggressive Entry SL: Below 0.5100 (in case of false breakout rejection).
---
4. Risk/Reward Ratio (RRR):
Conservative Entry: ~2.5 to 3
Aggressive Entry: ~1.8 to 2.5
---
5. Entry Confirmation Checklist:
Bullish crossover in Stochastic RSI
RSI holding above 50
Strong bullish candlestick pattern (e.g. Marubozu, Bullish Engulfing)
---
6. Additional Notes:
Use position sizing (e.g. 30% initial, 30% on pullback, 40% after breakout)
Move SL to breakeven after TP1 hits
Consider trailing stop for TP2 and
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.