EURCHF 75PIPSIdentify the Low Point for Stop Loss:
Check the recent low on your timeframe (could be a few candles back on your chart).
Set your stop loss slightly below that low to avoid getting taken out by market noise.
Entry Point:
Enter the trade near a level of support if you are buying or near resistance if you are selling.
Ensure your risk-to-reward aligns with your 5-pip target.
Take Profit:
Set a take profit level 5 pips above/below your entry point (depending on the direction of your trade).
5 pips is tight, so timing and volatility in the EUR/CHF pair will be critical for a quick gain.
