2. Ascending Triangle: Breakout above 0.8058 could lead to higher targets.
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Trade Recommendations
Scalping (15-Minute Chart)
Long Entry: 0.7960
Take Profit (TP): 0.8050 (Resistance)
Stop-Loss (SL): 0.7890
Duration: 15โ30 minutes
Short Entry (If price rejects resistance): 0.8040
TP: 0.7850
SL: 0.8100
Duration: 15โ30 minutes
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Intraday Trading
Long Entry: 0.7920
TP1: 0.8050
TP2: 0.8150
SL: 0.7800
Duration: 4โ6 hours
Short Entry: 0.8058 (If rejection occurs)
TP1: 0.7850
TP2: 0.7700
SL: 0.8100
Duration: 4โ6 hours
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Long-Term Trading
Long Entry: 0.7500โ0.7700 (Near MA25 support)
TP1: 0.8200
TP2: 0.8500
SL: 0.7050
Duration: 3โ7 days
Short Entry (Only if price breaks support at 0.7054): 0.7000
TP: 0.6700
SL: 0.7150
Duration: 3โ7 days
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Risk Management
1. Position Sizing: Risk no more than 2โ3% of your capital on a single trade.
2. Trailing Stop: For long positions, adjust SL to secure profits as price rises.
3. Cut Loss Early: If signals confirm a reversal against your position, close the trade.
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Disclaimer
This analysis is for educational purposes only and not financial advice. Always conduct your own research and manage risk effectively. Market conditions may change rapidly.