Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 1.2230 – 1.2245
Optimal Entry: 1.2240
Stop Loss: 1.2190
Stop Loss Distance: 50 pips
Take Profit Levels:
TP1: 1.2280 → 40 pips
TP2: 1.2325 → 85 pips
TP3: 1.2370 → 130 pips
Risk to Reward:
TP1: 1:0.8
TP2: 1:1.7
TP3: 1:2.6
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 key intraday support and 20 EMA
- Close partial position at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss below higher lows for extended gains
- M15 close below 1.2205 cancels the setup
- Intraday on M15
- Short swing if H1 trend remains bullish