Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 1.3390 – 1.3400
Optimal Entry: 1.3395
Stop Loss: 1.3440
Stop Loss Distance: 45 pips
Take Profit Levels:
TP1: 1.3350 → 45 pips
TP2: 1.3310 → 85 pips
TP3: 1.3270 → 125 pips
Risk to Reward:
TP1: 1:1
TP2: 1:1.9
TP3: 1:2.8
Market Session:
Asian session preferred
London session for continuation if momentum increases
Sell Confirmation (M1 / M15):
Bearish engulfing or strong rejection from resistance
Lower highs structure on M15
Price trading below intraday resistance and 20 EMA
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 1.3420 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 remains bearish