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

Downtrend continuation


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 (✓) 150SMA

IMPULSE registering ADX>25 (✓) ADX37

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

Entered with the confluence of the minor support turned resistance. In hindsight, should have waited for price to reach the trend defining 150SMA.


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 1.5R

Entry: 45.36 | Stop loss: 46.54 (-118 points) | Take Profit: 43.6 (+176 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


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Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

Remarks: Trade idea is still valid though… Downtrend still intact