$FWDI has just delivered a strong 1H breakout, pushing nearly 8% higher and reclaiming the 6.00+ area with aggressive bullish momentum. The move from the 5.251 low has completely changed the short-term structure, with buyers now controlling the momentum.
But after such a sharp impulse, chasing the current price is not the ideal strategy. The cleaner opportunity is to wait for a controlled pullback into the marked entry zone.
📌 TRADE PLAN
🟢 Entry Zone: 5.70 – 5.90
🎯 TP1: 6.15
🎯 TP2: 6.30
🎯 TP3: 6.75
🛑 Stop Loss: 5.611
🔥 WHY THIS SETUP?
FWD spent a significant period forming a base before buyers started pushing price higher. The market then produced a strong recovery from the 5.251 low, followed by a powerful breakout candle that carried price toward 6.30.
The important development is the reaction after the breakout. Instead of immediately giving back the entire move, price has been consolidating around the 6.00–6.20 region. This can potentially create a breakout-retest opportunity.
But after such a sharp impulse, chasing the current price is not the ideal strategy. The cleaner opportunity is to wait for a controlled pullback into the marked entry zone.
📌 TRADE PLAN
🟢 Entry Zone: 5.70 – 5.90
🎯 TP1: 6.15
🎯 TP2: 6.30
🎯 TP3: 6.75
🛑 Stop Loss: 5.611
🔥 WHY THIS SETUP?
FWD spent a significant period forming a base before buyers started pushing price higher. The market then produced a strong recovery from the 5.251 low, followed by a powerful breakout candle that carried price toward 6.30.
The important development is the reaction after the breakout. Instead of immediately giving back the entire move, price has been consolidating around the 6.00–6.20 region. This can potentially create a breakout-retest opportunity.
