Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 26.50 – 26.70
Optimal Entry: 26.60
Stop Loss: 27.10
Stop Loss Distance: 50 pips
Take Profit Levels:
TP1: 26.10 → 50 pips
TP2: 25.60 → 100 pips
TP3: 25.10 → 150 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2
TP3: 1:3
Market Session:
London session preferred
High volatility during London–New York overlap
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
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs for extended downside
Invalidation:
M15 close above 26.80 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish