Timeframe:
Primary: M15
Confirmation: M1
Higher Bias: H1
Trade Direction: Sell
Entry Zone: 1.6650 – 1.6680
Optimal Entry: 1.6665
Stop Loss: 1.6730
SL Distance: 65 pips
Take Profit Levels:
TP1: 1.6600 → 65 pips
TP2: 1.6520 → 145 pips
TP3: 1.6420 → 245 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.2
TP3: 1:3.8
Market Session:
London session preferred
Sell Confirmation (M1 / M15):
Bearish engulfing on M15
Break of previous higher low
Retest failure at resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 1.6700 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish
Primary: M15
Confirmation: M1
Higher Bias: H1
Trade Direction: Sell
Entry Zone: 1.6650 – 1.6680
Optimal Entry: 1.6665
Stop Loss: 1.6730
SL Distance: 65 pips
Take Profit Levels:
TP1: 1.6600 → 65 pips
TP2: 1.6520 → 145 pips
TP3: 1.6420 → 245 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.2
TP3: 1:3.8
Market Session:
London session preferred
Sell Confirmation (M1 / M15):
Bearish engulfing on M15
Break of previous higher low
Retest failure at resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 1.6700 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish