Daily/4H/1H/30mins timeframe (select only 1)
 Clear market structure of the triangle with 5 touches (✓)
 Identify key levels for break out (✓)
 Stop order at the break of identified key levels in the direction of prior impulse, opposite direction for a reversal or both (✓)
Additional confluences: Support or Resistance where the triangle is placed, longer term trend, conditions on higher timeframe [Range, middle] or Bollinger Bands.
1% capital risked for potentially 2.2R
Open: 0.569 | Stop loss: 0.5725 (-35 points) | Take Profit: 0.561 (+80 points)
Remarks: The flag pattern after the break out from the triangle meant the break out of support had buildup. As seen from the ATR, volatility is at the lowest during this period.
At entry, stop loss placed under/above a prominent key level that made up the triangle. Depends on the market structure and size of triangle.
Take profit at the next nearest key level on the same timeframe.
After break out or next swing L/H established, shift stop to break even.
At 80% of take profit, shift stop to 50% mark or below/above swing L/H.
If price breaks and closes under/above the 30SMA, tighten stop loss and prepare for manual exit.
 Initial stop loss
 Trailing stop, as mentioned under management
 Manual exit due to change of momentum and break of market structure
 Take profit
Remarks: Wow ok. That was quick. TP should have been further? Wait for correction and sell again?