T5 – EUR/AUD

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ENTRY

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

Analysis

get context for the set-up

Add on to T2

Criteria

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

IMPULSE registering ADX>25 (✓) ADX55

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 1.8R

Entry: 1.496 | Stop loss: 1.4895 (-65 points) | Take Profit: 1.508 (+120 points)

Remarks:

MANAGEMENT

download (4)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

Remarks: Missed take profit by a slither. This should have been shifted to breakeven.

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