FX.co ★ srikanya | AUD/CHF [10]

Today, I’ve been diving deep into the AUDCHF charts on the H1 (1-hour) timeframe, and the setup I’m seeing looks like a textbook buying opportunity. When I look at the hourly candles, there is a clear bullish signal forming that I simply can’t ignore. In trading, success is often about waiting for the right moment, and I believe that moment for this pair is right around the corner. The Entry and Protection Plan My strategy for this trade is quite specific. I am looking to establish a long position (buy) at the entry price of 0.5575. This level seems to be the sweet spot where the momentum is likely to pick up. However, as any seasoned trader knows, you never enter a trade without a safety net. To protect my capital against unexpected market swings, I’ve placed my Stop Loss just below the recent structural support at 0.5561. This gives the trade enough room to breathe without exposing me to unnecessary risk. The Triple-Target Exit Strategy What makes this trade interesting is how I plan to manage the exit. Instead of closing the entire position at once, I’ve decided to scale out in three distinct stages. This "take-profit" ladder allows me to lock in gains while still letting a portion of the trade run for maximum profit. Here is how I’ve broken it down:

Stage 1: Locking in the Initial Gain Once the price moves 13 pips (points) in my favor from the entry, I will close exactly half of my total position. This is the most crucial step because it virtually "derisks" the trade. Once this first half is banked, I can breathe a sigh of relief knowing I’ve secured a profit regardless of what happens next. Stage 2: Capitalizing on the Momentum After the first target is hit, I’ll be watching for another 13-pip climb. At that point, I will close half of the remaining position. This second exit ensures that as the trend continues, I am consistently moving liquidity back into my account while still keeping some "skin in the game" for further upside. Stage 3: The Final Exit Finally, if the market remains strong and moves another 13 pips higher (for a total move of 39 pips from the start), I will close out the entire remaining position. This final exit represents the end of the journey for this particular trade. Closing Thoughts Once that third target is hit—or if the market tells me it’s time to go—I’m done for the day. I’m a big believer in the idea that once you’ve executed your plan and the market has rewarded you, it’s best to step away from the screen. Over-trading is the enemy of consistency. By using this 13-pip incremental strategy, I’m managing my emotions as much as my money. It’s about being disciplined and following the process. Once the AUDCHF hits those marks, it’ll be time to shut down the terminal and enjoy the rest of the day. Happy trading!