Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 1.0750 – 1.0765
Optimal Entry: 1.0760
Stop Loss: 1.0810
Stop Loss Distance: 50 pips
Take Profit Levels:
TP1: 1.0715 → 45 pips
TP2: 1.0670 → 90 pips
TP3: 1.0625 → 135 pips
Risk to Reward:
TP1: 1:0.9
TP2: 1:1.8
TP3: 1:2.7
Market Session:
Asian session preferred
London session for continuation
Sell Confirmation (M1 / M15):
Bearish engulfing or strong rejection candle at entry zone
Lower highs and lower lows forming on M15
Price rejected from intraday resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 1.0785 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish