Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 31.50 – 31.65
Optimal Entry: 31.60
Stop Loss: 31.10
Stop Loss Distance: 50 pips
Take Profit Levels:
TP1: 32.10 → 50 pips
TP2: 32.70 → 110 pips
TP3: 33.30 → 170 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.2
TP3: 1:3.4
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 31.30 cancels the setup
- Intraday on M15
- Short swing if H1 trend remains bullish