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GBP/TRY Sell Setup (1 Viewer)

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 GBP/TRY Sell Setup (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1

Trade Direction: Sell

Entry Zone: 36.80 – 37.00
Optimal Entry: 36.90

Stop Loss: 37.50
Stop Loss Distance: 60 pips

Take Profit Levels:
TP1: 36.20 → 70 pips
TP2: 35.50 → 140 pips
TP3: 34.80 → 210 pips

Risk to Reward:
TP1: 1:1.15
TP2: 1:2.3
TP3: 1:3.5

Market Session:
London session preferred
London–New York overlap for strong bearish momentum

Sell Confirmation (M1 / M15):
Bearish engulfing or strong rejection from resistance
Lower highs and lower lows structure on M15
Failure to hold above key resistance

Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs

Invalidation:
M15 close above 37.15 cancels the setup

Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish


 

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