The GBPCHF currently presents a realistic setup with the price having achieved a structural breakout during the London session. This breakout occurred on both the H1 and M15 timeframes, essentially forming what constitutes the ideal setup for one of the Forex48 strategies. I will position myself with an order as set on the chart, meaning an entry at 1.1112. Naturally, if the price were to trigger the long order, I will promptly assess a confirmation on the H1 timeframe, considering the volume profile. This involves studying the closure of the first H1 candle after activation, and if it concludes above the Point of Control (POC), I will maintain the open position; otherwise, I will close it immediately. Keep me updated with any developments. Feel free to like and leave a comment to support our work. Happy trading to all!
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