Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 1.9270 – 1.9290
Optimal Entry: 1.9280
Stop Loss: 1.9340
Stop Loss Distance: 60 pips
Take Profit Levels:
TP1: 1.9215 → 65 pips
TP2: 1.9150 → 130 pips
TP3: 1.9085 → 195 pips
Risk to Reward:
TP1: 1:1.1
TP2: 1:2.2
TP3: 1:3.25
Market Session:
London session preferred
London–New York overlap for strong bearish momentum
Sell Confirmation (M1 / M15):
Bearish engulfing or strong rejection candle from resistance
Lower highs and lower lows formation on M15
Price failing to hold above key resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs to protect profit
Invalidation:
M15 close above 1.9310 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 remains bearish