Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 0.6210 – 0.6220
Optimal Entry: 0.6215
Stop Loss: 0.6255
Stop Loss Distance: 40 pips
Take Profit Levels:
TP1: 0.6180 → 35 pips
TP2: 0.6145 → 70 pips
TP3: 0.6110 → 105 pips
Risk to Reward:
TP1: 1:0.9
TP2: 1:1.75
TP3: 1:2.6
Market Session:
London session preferred
Best during London–New York overlap for strong bearish momentum
Sell Confirmation (M1 / M15):
- Bearish engulfing or strong rejection from resistance
- Lower highs and lower lows formation on M15
- Price failing to break above key resistance levels
- Partial profit at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss above lower highs to protect profit
- M15 close above 0.6235 cancels the setup
- Intraday on M15
- Short swing if H1 remains bearish