📊 Market Structure & Key Levels
GBP/USD is currently trading around 1.2650, sitting at a key demand zone while maintaining a bullish structure on the 4H timeframe. The pair has been showing signs of accumulation and could be setting up for a liquidity grab towards 1.2700 - 1.2708 before any potential reaction.
🔍 Trade Setup: Bullish Bias Towards Liquidity Pool
BUY Entry Zone: 1.2640 - 1.2650
Target 1 (TP1): 1.2690 (Minor Liquidity Grab)
Target 2 (TP2): 1.2700 - 1.2708 (Institutional Resistance)
Stop Loss (SL): 1.2625 (Below Demand Zone & Fibonacci Support)
📈 Why Take This Trade?
✔️ Bullish Structure Intact – Price is above key moving averages (6 EMA, 24 EMA, 72 EMA), and the Supertrend remains bullish.
✔️ Institutional Liquidity at 1.2700+ – Major market players have orders sitting above this level, making it a prime target.
✔️ Demand Zone & Fibonacci Support – Price is reacting from 1.2640-1.2650, aligning with Fibonacci retracement and historical demand zones.
✔️ Order Flow Confirms Strength – Market depth shows strong buy-side interest at current levels, supporting a push higher.
📰 High-Impact News to Watch
⚠️ Fed Chair Powell Testimony (Feb 27, 2025) – Powell's remarks on inflation and future rate hikes could bring volatility to GBP/USD. Any hints of a hawkish Fed stance may strengthen the USD, leading to potential pullbacks.
⚠️ UK GDP Data (Feb 29, 2025) – A weaker-than-expected print could weigh on GBP, while a positive surprise might fuel further upside.
📌 Final Thoughts: Trade Smart & Manage Risk!
I’m keeping a close eye on the reaction at 1.2700-1.2708. Bulls have the upper hand, and liquidity above should get taken. Let’s see how price action unfolds!
🔥 What’s your bias? Drop your thoughts in the comments! 🔥
GBP/USD is currently trading around 1.2650, sitting at a key demand zone while maintaining a bullish structure on the 4H timeframe. The pair has been showing signs of accumulation and could be setting up for a liquidity grab towards 1.2700 - 1.2708 before any potential reaction.
🔍 Trade Setup: Bullish Bias Towards Liquidity Pool
BUY Entry Zone: 1.2640 - 1.2650
Target 1 (TP1): 1.2690 (Minor Liquidity Grab)
Target 2 (TP2): 1.2700 - 1.2708 (Institutional Resistance)
Stop Loss (SL): 1.2625 (Below Demand Zone & Fibonacci Support)
📈 Why Take This Trade?
✔️ Bullish Structure Intact – Price is above key moving averages (6 EMA, 24 EMA, 72 EMA), and the Supertrend remains bullish.
✔️ Institutional Liquidity at 1.2700+ – Major market players have orders sitting above this level, making it a prime target.
✔️ Demand Zone & Fibonacci Support – Price is reacting from 1.2640-1.2650, aligning with Fibonacci retracement and historical demand zones.
✔️ Order Flow Confirms Strength – Market depth shows strong buy-side interest at current levels, supporting a push higher.
📰 High-Impact News to Watch
⚠️ Fed Chair Powell Testimony (Feb 27, 2025) – Powell's remarks on inflation and future rate hikes could bring volatility to GBP/USD. Any hints of a hawkish Fed stance may strengthen the USD, leading to potential pullbacks.
⚠️ UK GDP Data (Feb 29, 2025) – A weaker-than-expected print could weigh on GBP, while a positive surprise might fuel further upside.
📌 Final Thoughts: Trade Smart & Manage Risk!
I’m keeping a close eye on the reaction at 1.2700-1.2708. Bulls have the upper hand, and liquidity above should get taken. Let’s see how price action unfolds!
🔥 What’s your bias? Drop your thoughts in the comments! 🔥
Trade active
Trade closed: target reached
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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.
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.