Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 2.0450 – 2.0465
Optimal Entry: 2.0460
Stop Loss: 2.0530
Stop Loss Distance: 70 pips
Take Profit Levels:
TP1: 2.0380 → 65 pips
TP2: 2.0320 → 120 pips
TP3: 2.0260 → 180 pips
Risk to Reward:
TP1: 1:0.9
TP2: 1:1.7
TP3: 1:2.6
Market Session:
London session preferred
London–New York overlap for stronger bearish momentum
Sell Confirmation (M1 / M15):
- Bearish engulfing or shooting star candle at entry zone
- Lower highs and lower lows forming on M15
- Price rejected from intraday resistance
- Partial profit at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss above lower highs for extended move
- M15 close above 2.0485 cancels the setup
- Intraday on M15
- Short swing if H1 trend remains bearish