Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 147.50 – 147.70
Optimal Entry: 147.60
Stop Loss: 148.05
Stop Loss Distance: 45 pips
Take Profit Levels:
TP1: 147.00 → 60 pips
TP2: 146.50 → 110 pips
TP3: 146.00 → 160 pips
Risk to Reward:
TP1: 1:1.3
TP2: 1:2.4
TP3: 1:3.5
Market Session:
Tokyo–London overlap for initial entry
London–New York for continuation
Sell Confirmation (M1 / M15):
Bearish engulfing or strong rejection candle at entry zone
Lower highs and lower lows on M15
Price rejected from key resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs for extended move
Invalidation:
M15 close above 147.85 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish