Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 83.50 – 83.70
Optimal Entry: 83.60
Stop Loss: 84.10
Stop Loss Distance: 50 pips
Take Profit Levels:
TP1: 83.10 → 50 pips
TP2: 82.65 → 95 pips
TP3: 82.20 → 140 pips
Risk to Reward:
TP1: 1:1
TP2: 1:1.9
TP3: 1:2.8
Market Session:
Tokyo session preferred
London–New York overlap for continuation
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 to protect profits
- M15 close above 83.85 cancels the setup
- Intraday on M15
- Short swing if H1 trend remains bearish