T17 – AUD/JPY

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ENTRY

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

Analysis

get context for the set-up (what you want to see: clean impulse, choppy correction)

Criteria

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

IMPULSE registering ADX>25 (✓) ADX49

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 (2150 TAZ)

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: 82.6 | Stop loss: 83.06 (-46 points) | Take Profit: 81.76 (+84 points)

Remarks:

MANAGEMENT

download (6).pngIf price breaks out favourably, risk halved

download (4)If two-thirds of anticipated impulse, shift to break even. Swing high established, price should not be going back to entry point. Choppy around support area, chances of reaching TP reduced, downside controlled.

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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