$OP
--- Trade in Range ---
Condition:
Price moves in a certain range without showing a clear breakout direction.
On M15, price tends to play between the Pivot level ($1,798) and Resistance 1 ($1,862).
Strategy:
Entry Long (Buy):
Condition: If price approaches the support area (Pivot $1,798) with a bullish reversal candle.
Entry Point: $1,800.
Stop Loss (SL): $1,790 (below Pivot + buffer).
Take Profit (TP): $1,850 (near Resistance 1).
Entry Short (Sell):
Condition: If price approaches the resistance area ($1,862) with a bearish reversal candle.
Entry Point: $1,860.
Stop Loss (SL): $1,870 (above Resistance 1 + buffer).
Take Profit (TP): $1,810 (near Pivot).
--- Important Notes ---
Volume: Make sure volume supports each scenario (trade range, pullback, or breakout-bounce).
Validation Timeframe: Use H1 to make sure signals on M15 remain in the context of the larger trend.
Risk Management: Do not risk more than 1-2% per trade to preserve capital.