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


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

Price has bounced off a key channel level, median, on the weekly timeframe. The cup and handle pattern might also come into play. The setup was on the 4H, trend defining 150SMA has been broken + a coil formed on the last angular trend line. Trade was entered early at the break of the coil, partly due to fear of missing out and also this pair has a positive swap fee. Aiming for a 4H trend following trade but with take profit at the next key high region. Stop loss is at a conservative level.


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

IMPULSE registering ADX>25 (✓) ADX27

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


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: 1.046 | Stop loss: 1.0285 (-175 points) | Take Profit: 1.09 (+440 points)



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


Stop Loss

Manual. Reason:

Trailing Stop

Take Profit