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EUR/CAD Buy (1 Viewer)

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 EUR/CAD Buy (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1

Trade Direction: Buy

Entry Zone: 1.4600 – 1.4615
Optimal Entry: 1.4610

Stop Loss: 1.4560
Stop Loss Distance: 50 pips

Take Profit Levels:
TP1: 1.4650 → 40 pips
TP2: 1.4700 → 90 pips
TP3: 1.4750 → 140 pips

Risk to Reward:
TP1: 1:0.8
TP2: 1:1.8
TP3: 1:2.8

Market Session:
London session preferred
London–New York overlap for strong bullish momentum

Buy Confirmation (M1 / M15):

  • Bullish engulfing or hammer candle at entry zone
  • Higher lows forming on M15
  • Price holding above intraday support and 20 EMA
Trade Management:

  • Close partial position at TP1
  • Move Stop Loss to breakeven after TP1
  • Trail Stop Loss below higher lows for extended gains
Invalidation:

  • M15 close below 1.4565 cancels the setup
Trade Type:

  • Intraday on M15
  • Short swing if H1 trend remains bullish

 
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