T13 – USD/SGD

ENTRY

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

Analysis

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

get context for the set-up

Continuation on 1H after the falling wedge reversal as taken on T1

Criteria

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

ADX>25 registered on impulse wave (✓) ADX47

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

Orders

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 1.8R

Open: 1.4128 | Stop loss: 1.4088 (-40 points) | Take Profit: 1.42 (+72 points)

Remarks:

MANAGEMENT

Risk Halved

Shift to Break Even

Securing xR

EXIT

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Initial Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

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