CHF/JPY Buy Setup with Trend Continuation Bias (1 Viewer)

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 CHF/JPY Buy Setup with Trend Continuation Bias (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Confirmation: M1
Higher Bias: H1
Trade Direction: Buy
Entry Zone: 170.20 – 170.45
Optimal Entry: 170.30
Stop Loss: 169.80
SL Distance: 50 pips
Take Profit Levels:
TP1: 170.80 → 50 pips
TP2: 171.50 → 120 pips
TP3: 172.30 → 200 pips
Risk to Reward:
TP1: 1:1
TP2: 1:2.4
TP3: 1:4
Market Session:
London session preferred
Buy Confirmation (M1 / M15):
Bullish engulfing at support
Higher low on M15
Strong momentum candle breaking intraday high
Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss below higher lows
Invalidation:
M15 close below 169.95 cancels the setup
Trade Type:
Intraday on M15
Short swing if H1 trend remains bullish
 
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