Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 190.20 – 190.40
Optimal Entry: 190.30
Stop Loss: 189.75
Stop Loss Distance: 55 pips
Take Profit Levels:
TP1: 190.80 → 50 pips
TP2: 191.40 → 110 pips
TP3: 192.00 → 170 pips
Risk to Reward:
TP1: 1:0.9
TP2: 1:2
TP3: 1:3.1
Market Session:
London–New York overlap for strong bullish momentum
Buy Confirmation (M1 / M15):
- Bullish engulfing or strong bullish close at entry zone
- Higher lows forming on M15
- Price holding above key support and moving averages (20 EMA / 50 EMA)
- Close partial position at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss below higher lows to lock profit
- M15 close below 189.90 cancels the setup
- Intraday on M15
- Short swing continuation if H1 remains bullish