Smart money swept liquidity around $0.10224 and pushed $BTW back into a strong bullish structure.
I am looking at the 1-hour chart for $BTW and the overall trend is clearly bullish.
Price grabbed liquidity from the recent drop and bounced nicely above the moving average.
I noticed price is starting to build higher lows and moving back toward the upper level.
My plan is to wait for a small pullback into support before taking a long entry.
Trade Plan
Entry: 0.11000
SL: 0.10400
TP1: 0.11600
TP2: 0.12200
The risk to reward for TP2 is exactly 1:2.
I am keeping my risk managed and watching for price action at the entry zone.
I am looking at the 1-hour chart for $BTW and the overall trend is clearly bullish.
Price grabbed liquidity from the recent drop and bounced nicely above the moving average.
I noticed price is starting to build higher lows and moving back toward the upper level.
My plan is to wait for a small pullback into support before taking a long entry.
Trade Plan
Entry: 0.11000
SL: 0.10400
TP1: 0.11600
TP2: 0.12200
The risk to reward for TP2 is exactly 1:2.
I am keeping my risk managed and watching for price action at the entry zone.