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GBP/CHF Buy Setup (1 Viewer)

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 GBP/CHF Buy Setup (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1

Trade Direction: Buy

Entry Zone: 1.2230 – 1.2245
Optimal Entry: 1.2240

Stop Loss: 1.2190
Stop Loss Distance: 50 pips

Take Profit Levels:
TP1: 1.2280 → 40 pips
TP2: 1.2325 → 85 pips
TP3: 1.2370 → 130 pips

Risk to Reward:
TP1: 1:0.8
TP2: 1:1.7
TP3: 1:2.6

Market Session:
London session preferred
London–New York overlap for stronger bullish momentum

Buy Confirmation (M1 / M15):

  • Bullish engulfing or hammer candle at entry zone
  • Higher lows forming on M15
  • Price holding above key intraday support and 20 EMA
Trade Management:

  • Close partial position at TP1
  • Move Stop Loss to breakeven after TP1
  • Trail Stop Loss below higher lows for extended gains
Invalidation:

  • M15 close below 1.2205 cancels the setup
Trade Type:

  • Intraday on M15
  • Short swing if H1 trend remains bullish

 
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