T3 – NZD/CAD

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ENTRY

Daily // 4H // 1H // 30m // 15m

Analysis

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Daily conditions: Range. Price broke out of the trend line within the range and formed a flag.

Criteria

TREND on entry timeframe determined by SMA if subjective (✓)

IMPULSE registering ADX>25 (✓) ADX36

COIL structure clear formation relative to prior impulse (✓)

Continuation/Correction/Coil Structure

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

Fibonacci 50%–61.8% // S&R Level // Trend Line // Moving Average

ABC // ABCDE // Extended Combo

Orders

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

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

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

1% capital risked for potentially 2R

Entry: 0.9371 | Stop loss: 0.9436 (-65 points) | Take Profit: 0.9241 (+130 points)

Remarks: Would have been more rewarding to enter at the area of value (50% retracement + breakout point)

MANAGEMENT

If price breaks out favourably, risk halved

If two-thirds of anticipated impulse, shift to break even

If breakout + strong momentum + space to run, extend take profit and use trailing stop.

EXIT

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Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

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