CAD/CHF Entry Update +70 Pips Running Profit 🚀

CAD/CHF Entry Update +70 Pips Running Profit 🚀
Another clean and strategic entry on #CADCHF, delivering impressive results so far. Patience and precision are key, and this trade setup reflects that perfectly.

📌 Intro:

At Boom FX, we focus on delivering high-probability trade setups by leveraging market structure and liquidity concepts. This CAD/CHF trade is an excellent example of our strategy in action.

📊 Trade Setup Breakdown:

1️⃣ Key Demand Zone (Green Zone):
Price approached a strong demand area, showing clear signs of reversal as bullish momentum started to build. This zone became our ideal entry point for a BUY setup.

2️⃣ Fib Confluence:
We utilized the Fibonacci retracement tool, aligning key levels (0.5 and 0.618) within the demand zone. This added confluence to our entry.

3️⃣ Break of Structure (BOS):
A BOS to the upside confirmed the shift in market structure from bearish to bullish, validating our buy-side bias.

4️⃣ Risk-to-Reward Setup:
The trade was structured with a favorable risk-to-reward ratio, targeting the next significant liquidity zone higher on the chart.

5️⃣ Live Progress:
Currently running at +70 pips in profit, the trade is on track to achieve its full target. Partial profits can be secured to lock in gains while leaving the remaining position to run.

Key Takeaways:

✔ Demand Zones Matter: Identifying high-probability reversal zones ensures strong entries.
✔ Confluence is Key: Combining demand zones with tools like Fibonacci increases trade confidence.
✔ Risk Management: Always set clear targets and use stop losses to manage risk effectively.

💡 Next Steps:
We’ll continue monitoring the trade as it progresses toward the next liquidity zone. For those following along, ensure you’re managing risk and locking in profits as price moves in your favor.

Stay tuned for more precise setups with Boom FX!