Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 1.7750 – 1.7765
Optimal Entry: 1.7760
Stop Loss: 1.7705
Stop Loss Distance: 55 pips
Take Profit Levels:
TP1: 1.7810 → 50 pips
TP2: 1.7865 → 110 pips
TP3: 1.7920 → 160 pips
Risk to Reward:
TP1: 1:0.9
TP2: 1:2
TP3: 1:2.9
Market Session:
London session preferred
London–New York overlap for stronger 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
- Partial profit at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss below higher lows for extended gains
- M15 close below 1.7725 cancels the setup
- Intraday on M15
- Short swing if H1 trend remains bullish