T11 – AUD/USD

ENTRY

IDEA (W)

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

download (4)On the weekly chart, there is a clear downward channel with a valid median line. Price has seemingly found the bottom and bounced off of it. A head and shoulders pattern followed by bullish market structure suggests further upside (strong rally possible) – at least for the setup to play out.

Added confluence: Trend defining moving average (80/100 weekly SMA) has turned around with price trading above it and acting as dynamic support. MACD divergence starting from the swing low of the left shoulder and the indicator continues to make higher lows.

SETUP (D)

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

download (5)download (6)

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

IMPULSE registering ADX>25 (✓) ADX27

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

ORDER

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 3.5R

Entry: 0.775 | Stop loss: 0.757 (-180 points) | Take Profit: 0.838 (+630 points)

Remarks: Will be looking to add on to existing positions on 4H trend + value.

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

Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

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