GBP/USD Outlook ICT Consept
📈💰 Welcome to Your Channel!
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the forex market, focusing on one of its key assets: GBP/USD.
📉🔍 Recent Price Action
We recently saw the price take out the previous week's low (PWL) and move higher. Currently, the market is reacting to a 4-hour Fair Value Gap (FVG) created after a market structure shift (MSS).
🚀📈 Anticipated Price Movement
Given this, we can anticipate the price continuing to rise, potentially even taking out the previous week's high (PWH). However, we must also consider the presence of a 1-hour Order Block (OB) that may influence price action.
📊📉 Internal Liquidity and Equilibrium
There is also internal liquidity resting above the Equilibrium level. While we remain above Equilibrium, the market sentiment is bullish. If this internal liquidity is taken out, we may see bearish movements towards significant sell-side liquidity targets, such as the previous month's low (PML).
⭕️ Upcoming Economic News ⭕️
Additionally, be cautious today due to the release of both CPI and FOMC news. I'm not suggesting taking any positions at this time but rather considering all possible scenarios and waiting to see how the market reacts to the news.
📊⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the forex market, focusing on one of its key assets: GBP/USD.
📉🔍 Recent Price Action
We recently saw the price take out the previous week's low (PWL) and move higher. Currently, the market is reacting to a 4-hour Fair Value Gap (FVG) created after a market structure shift (MSS).
🚀📈 Anticipated Price Movement
Given this, we can anticipate the price continuing to rise, potentially even taking out the previous week's high (PWH). However, we must also consider the presence of a 1-hour Order Block (OB) that may influence price action.
📊📉 Internal Liquidity and Equilibrium
There is also internal liquidity resting above the Equilibrium level. While we remain above Equilibrium, the market sentiment is bullish. If this internal liquidity is taken out, we may see bearish movements towards significant sell-side liquidity targets, such as the previous month's low (PML).
⭕️ Upcoming Economic News ⭕️
Additionally, be cautious today due to the release of both CPI and FOMC news. I'm not suggesting taking any positions at this time but rather considering all possible scenarios and waiting to see how the market reacts to the news.
📊⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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.
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.