Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 1.6450 – 1.6465
Optimal Entry: 1.6460
Stop Loss: 1.6405
Stop Loss Distance: 55 pips
Take Profit Levels:
TP1: 1.6515 → 55 pips
TP2: 1.6575 → 115 pips
TP3: 1.6635 → 175 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.1
TP3: 1:3.2
Market Session:
London session preferred
London–New York overlap for stronger bullish momentum
Buy Confirmation (M1 / M15):
Bullish engulfing or strong bullish close from the entry zone
Higher lows formation on M15
Price holding above intraday support and 20 EMA
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss below higher lows for extended gains
Invalidation:
M15 close below 1.6420 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bullish