Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 0.9150 – 0.9160
Optimal Entry: 0.9155
Stop Loss: 0.9115
Stop Loss Distance: 40 pips
Take Profit Levels:
TP1: 0.9195 → 40 pips
TP2: 0.9235 → 80 pips
TP3: 0.9275 → 120 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2
TP3: 1:3
Market Session:
London–New York overlap preferred for strong bullish momentum
Buy Confirmation (M1 / M15):
- Bullish engulfing or hammer candle on M15 near entry zone
- Higher lows formation on M15
- Price holding above support and moving average (20 EMA)
- Close partial position at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss below higher lows for extended gains
- M15 close below 0.9120 cancels the setup
- Intraday on M15
- Short swing if H1 maintains bullish trend