formulate a trade idea – your analysis, a likely possibility // set-up play out

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Range on the daily, price was within the resistance zone and was rejected, currently in a coil after the rejection.


trigger for the mentioned idea, what you want to see: clean impulse + choppy correction

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TREND on entry timeframe & 4H chart, determined by SMA if subjective (✓) 50SMA

IMPULSE registering ADX>25 (✓) ADX36 

COIL structure clear formation relative to prior impulse (✓)

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

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

Simple // ABC // ABCDE // Extended Combo


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

Stop Loss @ +1ATR away from last wick // Before Impulse Start

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

1% capital risked for potentially 2.2R

Entry: 0.9595 | Stop loss: 0.9683 (-88 points) | Take Profit: 0.94 (+195 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

Remarks: There was some massive volatility in the past hour?


download (2).pngIdea valid, execution failed. The enter at range end (or mid range) with B/E shift point might be more viable.

NZDCADidea.pngFurther update: It went all the way down, just as imagined. But doubted your own analysis.