#Targets:

Dip Buy Setup: Long Entry at 1.1608 Targets 1.1622 After Liquidity Sweep

This intraday chart shows a classic liquidity grab long. Price swept lows near 1.1606, then printed a BUY signal with clear risk parameters.

Trade Setup:

Entry Zone: BUY marked around 1.1608 after sharp red candle wick below 1.1610

Stop Loss: 1.1602, just under the 8 AM sweep low and round number

Take Profit: 1.1622, targeting the 11 AM high and previous resistance zone

Risk/Reward: Risking ∼6 pips to make ∼14 pips = 2.33 RR

Key Info for Traders:

Stop Hunt Complete: 8 AM candle wicked to 1.1606 and took out early sellers. Fast recovery shows buyers defending 1.1600. That's smart money entry.

Double Bottom Base: Price made lows at 1.1606 twice - 8 AM and now. 1.1600 is confirmed support. Bulls stepping in on second test.

TP Logic: 1.1622 was resistance at 5 AM and 11 AM. Breaking it opens path to 1.1625 highs. High probability first target.

Tight Invalidation: SL at 1.1602 is below both wicks. If 1.1600 breaks, buyers failed. Risk capped at 6 pips only.

Takeaway:

This is a sniper long on liquidity sweep. Entry at 1.1608, SL 1.1602, TP 1.1622. If TP hits, it's a clean 2.3R scalp. If 1.1602 breaks, exit - no hope trade.

Note: This is educational trade plan analysis only, not financial advice. Forex intraday needs tight execution. Always use stop loss and proper lot size.