Proposed Trade Plan (Buy / LONG)
Entry Zone 0.0295 - 0.0315 Wait for a retest of support above the 7-period MA instead of buying at resistance
First Target (TP1) 0.0385 a previous horizontal resistance level
Second Target (TP2) 0.0440 the previous peak visible on the chart
Third Target (TP3) 0.0500 an extended target if the upward momentum continues
Stop Loss (SL) 0.0255 below the Parabolic SAR level and the 25-period MA to close the trade in case of a reversal$CHIP
Entry Zone 0.0295 - 0.0315 Wait for a retest of support above the 7-period MA instead of buying at resistance
First Target (TP1) 0.0385 a previous horizontal resistance level
Second Target (TP2) 0.0440 the previous peak visible on the chart
Third Target (TP3) 0.0500 an extended target if the upward momentum continues
Stop Loss (SL) 0.0255 below the Parabolic SAR level and the 25-period MA to close the trade in case of a reversal$CHIP