my plan setup 2

Fundamental and Technical Analysis

Fundamental analysis covers the economics of the UK and US such as macroeconomic data, political news, important events that can affect currency exchange rates.
Technical analysis includes chart pattern reading such as trends, support and resistance levels, oscillator and momentum indicators.
Choose Timeframe and Indicators

For SMC which focuses more on swing trading, suitable timeframes are 4 hours or daily chart.
Use indicators such as MACD, Stochastic, RSI to detect buy or sell momentum.
Determine Buy and Sell Levels

Determine support and resistance levels as entry buy and sell guidelines. For example support at 1.3000 and resistance at 1.3400.
Use crossing indicators as entry signal confirmation.
Trade Management

Limit risk by placing stop loss below support level and take profit above resistance level.
Capital rotation to take advantage of multiple positions per month. For example allocate 20-30% of capital for each position.
Evaluate Strategy Performance

Monitor and record each trade result to evaluate consistency of the strategy.
Make adjustments to parameters or indicators if needed.