T23 – NZD/CHF

downloaddownload (2)

ENTRY

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

Analysis

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

Downtrend on 4H with sell setup at an area of value. 100SMA on 1H confirms the correction trend is over.

Criteria

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

IMPULSE registering ADX>25 (✓) ADX39

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 2.5R

Entry: 0.6865 | Stop loss: 0.691 (-45 points) | Take Profit: 0.675 (+115 points)

Remarks:

MANAGEMENT

If running >1R + swing established, risk halved

If 20% left to take profit, shift to break even

If strong momentum + space to run + aligned with long term view, extend take profit and use trailing stop

EXIT

download (2).png

Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

Advertisements