GBP/USD is currently around 1.29165.
A recent bearish move has been observed.
There is a Fair Value Gap (FVG) on the H4 timeframe just above the current price.
Expected Price Action (Blue Path):
Price might first move upwards to fill the H4 Fair Value Gap, potentially reaching the 1.29801 level (previous high area).
This area could act as a liquidity grab or inducement zone.
Main Expectation (Red Path):
After hitting the FVG area and liquidity zone, the price is expected to reverse downward.
The target for this move is 1.28121, where there is another key demand area / Weekly Fair Value Gap (W-FVG).
Key Levels:
FVG (H4) – Target for potential upward move.
1.29801 – Liquidity / potential reversal zone.
1.28121 – Main downside target after rejection.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
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I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.