Timeframe:
Primary: M15
Confirmation: M1
Higher Bias: H1
Trade Direction: Sell
Entry Zone: 0.6120 – 0.6135
Optimal Entry: 0.6130
Stop Loss: 0.6170
SL Distance: 40 pips
Take Profit Levels:
TP1: 0.6090 → 40 pips
TP2: 0.6045 → 85 pips
TP3: 0.5995 → 135 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.1
TP3: 1:3.3
Market Session:
Asian to early London session
Sell Confirmation (M1 / M15):
Bearish engulfing on M15
Lower high after pullback
Failure to hold above intraday resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 0.6150 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 remains bearish
Primary: M15
Confirmation: M1
Higher Bias: H1
Trade Direction: Sell
Entry Zone: 0.6120 – 0.6135
Optimal Entry: 0.6130
Stop Loss: 0.6170
SL Distance: 40 pips
Take Profit Levels:
TP1: 0.6090 → 40 pips
TP2: 0.6045 → 85 pips
TP3: 0.5995 → 135 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.1
TP3: 1:3.3
Market Session:
Asian to early London session
Sell Confirmation (M1 / M15):
Bearish engulfing on M15
Lower high after pullback
Failure to hold above intraday resistance
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs
Invalidation:
M15 close above 0.6150 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 remains bearish