USD CHF - Buy setupUS Dollar vs. Swiss FrancFX:USDCHFShlomoYahbesBased my strategy (0.5% risk, 25–35 pip stop, trend-following, waiting for confirmation), I would not place a blind buy limit at 0.8130. I'd wait for a bullish confirmation on the 1H For example, a bullish engulfing candle, a hammer, or a strong bullish close. Entry (0.8131–0.8133) Support is around 0.8125–0.8130. Waiting for confirmation reduces the chance of buying into a support level that fails. Stop Loss (0.8100) It sits below the recent 1H swing lows. It gives the trade room to breathe while still invalidating the bullish setup if hit. TP1 (0.8150) This is the major resistance identified. Consider taking 30–50% of the position off here. TP2 (0.8170) This is the next logical target if price breaks above 0.8150. Trade management If price reaches 0.8150 and closes above it on the 1H with strong momentum: Move SL to breakeven (or just below the breakout level if you prefer giving it more room). Let the remainder run toward 0.8170 and potentially 0.8190. Risk-to-Reward With approximately: Risk: 31 pips TP1: 19 pips → 0.6R TP2: 39 pips → 1.25R TP3: 59 pips → 1.9R The first target alone isn't attractive from a risk/reward perspective. The trade only becomes worthwhile if you're planning to hold part of the position for a breakout toward 0.8170 or higher. If I were trading this setup, I'd only take it if I believed there was a good chance of 0.8150 breaking, not just being tested again. That aligns well with your trend-following approach.