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