Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 157.50 – 157.70
Optimal Entry: 157.60
Stop Loss: 158.05
Stop Loss Distance: 45 pips
Take Profit Levels:
TP1: 157.00 → 60 pips
TP2: 156.50 → 110 pips
TP3: 156.00 → 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 shooting star candle at entry zone
- Lower highs and lower lows formation on M15
- Rejection from intraday resistance level
- Close partial position at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss above lower highs for extended move
- M15 close above 157.85 cancels the setup
- Intraday on M15
- Short swing if H1 trend remains bearish