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