Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 1.3650 – 1.3660
Optimal Entry: 1.3655
Stop Loss: 1.3695
Stop Loss Distance: 40 pips
Take Profit Levels:
TP1: 1.3615 → 40 pips
TP2: 1.3580 → 75 pips
TP3: 1.3545 → 110 pips
Risk to Reward:
TP1: 1:1
TP2: 1:1.9
TP3: 1:2.75
Market Session:
London 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 formation on M15
- Rejection from intraday resistance
- Close partial position at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss above lower highs for extended move
- M15 close above 1.3675 cancels the setup
- Intraday on M15
- Short swing if H1 remains bearish