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Daily // 4H // 1H // 30mins


Support & Resistance // Trend Lines & Channels // 21&50 Moving Averages // Elliot Waves // Multiple Timeframe Reference // Fibonacci Levels

get context for the set-up

Downtrend on all timeframes including weekly and daily. Support turning into resistance.


TREND on entry timeframe Determined by 21&50+C SMA if subjective (✓)

ADX>25 registered on impulse wave (✓) ADX45(4H)/ADX74(1H)

Low volatility when keying order Area of value (✓)

Continuation/Correction/Consolidation/Coil Structure

Flag // Pennant // Wedge // Triangle // Rectangle

Simple Retracement [Fibonacci 50% // S&R Zone // 2150 TAZ]

Falling Rising Wedge // Complexed ABC pullback

Higher Timeframe Inside Bar


Entry @ Break of Structure // Area of Value + Candlesticks

Stop Loss @ +1ATR away from last wick // 50 SMA as guide

Take Profit @ Length of Prior Impulse // Next Area of Value

1% capital risked for potentially 1.7R

Open: 0.736 | Stop loss: 0.7406 (-48 points) | Take Profit: 0.7273 (+84 points)

Remarks: Sell entry could be higher to yield better R-performance, based on the low volatility small bodied candles in the identified zone.


Risk Halved

Shift to Break Even

Securing xR


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Initial Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

Remarks: The rounding top double top that was anticipated also failed. Well, what can you do.