Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1
Trade Direction: Sell
Entry Zone: 19.55 – 19.65
Optimal Entry: 19.60
Stop Loss: 19.95
Stop Loss Distance: 35 pips
Take Profit Levels:
TP1: 19.25 → 35 pips
TP2: 18.95 → 65 pips
TP3: 18.65 → 95 pips
Risk to Reward:
TP1: 1:1
TP2: 1:1.9
TP3: 1:2.7
Market Session:
London session preferred
London–New York overlap for strong momentum
Sell Confirmation (M1 / M15):
- Bearish engulfing or strong rejection from resistance
- Lower highs and lower lows forming on M15
- Price failing to hold above key intraday resistance
- Partial profit at TP1
- Move Stop Loss to breakeven after TP1
- Trail Stop Loss above lower highs for extended move
- M15 close above 19.70 cancels the setup
- Intraday on M15
- Short swing if H1 remains bearish