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Time Frame: 1 day

Current Price: $1.3990

Key Levels

- Resistance: $1.4040

- Support: $1.2359

Trade Setup

Entry Point:

- Enter a long trade if the price breaks above $1.4040 with a confirmed breakout (i.e., the candle closes above this level).

- Enter a short trade if the price falls below $1.2359 with a confirmed breakdown.

Long Trade

Entry: Above $1.4040

Take Profit (TP):

- TP1: $1.4491

- TP2: $1.4900 (previous high)

- TP3: $1.5500 (psychological level)

Stop Loss (SL): $1.2359

Short Trade

Entry: Below $1.2359

Take Profit (TP):

- TP1: $1.2000

- TP2: $1.1500 (round number and psychological level)

- TP3: $1.1000

Stop Loss (SL): $1.4040

Summary:

- Long Trade: Enter above $1.4040, with TP1 at $1.4491, TP2 at $1.4900, and TP3 at $1.5500. Place a stop loss at $1.2359.

- Short Trade: Enter below $1.2359, with TP1 at $1.2000, TP2 at $1.1500, and TP3 at $1.1000. Place a stop loss at $1.4040.

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