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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

The last 12 bars on the entry timeframe before the entry provided with a nice level to place the buy order. Low volatility plus a show of the lack of sellers.


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

ADX>25 registered on impulse wave (✓) ADX65

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: 1.4825 | Stop loss: 1.4739 (-88 points) | Take Profit: 1.498 (+153 points)

Remarks: The take profit is placed below the round number of 1.5


Risk Halved

Shift to Break Even

Securing xR



Initial Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

Remarks: Along with T6, trade should have been avoided in the first place as there was resistance on the higher timeframe.