Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Buy
Entry Zone: 3.9400 – 3.9500
Optimal Entry: 3.9450
Stop Loss: 3.9050
Stop Loss Distance: 40 pips
Take Profit Levels:
TP1: 3.9850 → 40 pips
TP2: 4.0250 → 80 pips
TP3: 4.0650 → 120 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2
TP3: 1:3
Market Session:
London session preferred
London–New York overlap for bullish continuation
Buy Confirmation (M1 / M15):
Bullish engulfing or strong bullish close at entry zone
Higher lows forming on M15
Price holding above intraday support and 20 EMA
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss below higher lows
Invalidation:
M15 close below 3.9200 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bullish