Long trade 
2024-10-12



BTCUSD trade setup is based on various technical indicators, a multi-timeframe analysis, along observations of price action during the NY and Tokyo sessions. 


Time: 4:00 AM NY time, during the London session.
Pair: BTCUSD.

Entry Strategy:
Observations of price action in both the New York and Tokyo sessions.
Break of Structure (BOS) in a 15-minute timeframe.
The buy/sell side liquidity balance was observed in a 15-minute timeframe (ICT concept).
Upward accumulation was observed in the 15-minute timeframe.
VWAP, 100WMA, and 50EMA cross are seen in the 4-hour timeframe.
RSI is showing a regular bearish divergence at 64.97.


Entry price: 62,793.38.
Profit target: 63,251.53 (+0.73%).
Stop loss: 62,563.33 (-0.37%).
Risk-to-reward ratio: 1.99.