Timeframe:
Primary: M15
Confirmation: M1
Higher Bias: H1
Trade Direction: Sell
Entry Zone: 148.50 – 148.80
Optimal Entry: 148.65
Stop Loss: 149.20
SL Distance: 55 pips
Take Profit Levels:
TP1: 148.05 → 60 pips
TP2: 147.40 → 125 pips
TP3: 146.50 → 215 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.3
TP3: 1:3.9
Market Session:
New York session preferred
Sell Confirmation (M1 / M15):
Bearish engulfing at resistance
Lower high forming on M15
Break of intraday support
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 148.95 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bearish