Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 38,450 – 38,600
Optimal Entry: 38,520
Stop Loss: 38,900
Stop Loss Distance: 380 points
Take Profit Levels:
TP1: 38,140 → 380 points
TP2: 37,650 → 870 points
TP3: 37,100 → 1,420 points
Risk to Reward:
TP1: 1:1
TP2: 1:2.3
TP3: 1:3.7
Market Session:
New York session preferred
High volatility during US market open and first hours
Sell Confirmation (M1 / M15):
Bearish engulfing or strong rejection from resistance
Lower highs and lower lows structure on M15
Failure to hold above VWAP and 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 38,700 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish