📊 GBPUSD Smart Money Concept Analysis
🔹 Change of Character (ChoCH) and Break of Structure (BOS) indicate potential market direction shifts.
🔹 Price is currently rejecting a premium supply zone, signaling a possible short-term reversal.
🔹 Multiple Fair Value Gaps (FVGs) present below suggest liquidity voids that price may seek to fill.
🔹 Fibonacci retracement levels (0.382, 0.5, 0.618) align with potential demand zones for long positions.
📌 Bearish Scenario:
🔻 Price may reject from 1.24699 resistance and seek liquidity below.
🔻 Target zones:
✅ 1.24372 (0.236 FIB)
✅ 1.24014 (0.382 FIB)
✅ 1.23750 (0.5 FIB - key demand zone)
✅ 1.23437 (0.618 FIB - strong liquidity level)
📈 Bullish Confirmation Needed:
🔹 If price holds above 1.24699, a bullish continuation towards 1.24949 - 1.25100 may occur.
🔹 A strong breakout above 1.25303 would indicate further bullish momentum.
🚀 Trade Plan:
🔸 Short Setup: Look for bearish confirmations near resistance.
🔸 Long Setup: Wait for price to tap into demand zones around 1.23750 - 1.23437 for potential reversals.
#GBPUSD #ForexTrading #TechnicalAnalysis #SmartMoneyConcepts #PriceAction #LiquidityZones #BreakOfStructure
🔹 Change of Character (ChoCH) and Break of Structure (BOS) indicate potential market direction shifts.
🔹 Price is currently rejecting a premium supply zone, signaling a possible short-term reversal.
🔹 Multiple Fair Value Gaps (FVGs) present below suggest liquidity voids that price may seek to fill.
🔹 Fibonacci retracement levels (0.382, 0.5, 0.618) align with potential demand zones for long positions.
📌 Bearish Scenario:
🔻 Price may reject from 1.24699 resistance and seek liquidity below.
🔻 Target zones:
✅ 1.24372 (0.236 FIB)
✅ 1.24014 (0.382 FIB)
✅ 1.23750 (0.5 FIB - key demand zone)
✅ 1.23437 (0.618 FIB - strong liquidity level)
📈 Bullish Confirmation Needed:
🔹 If price holds above 1.24699, a bullish continuation towards 1.24949 - 1.25100 may occur.
🔹 A strong breakout above 1.25303 would indicate further bullish momentum.
🚀 Trade Plan:
🔸 Short Setup: Look for bearish confirmations near resistance.
🔸 Long Setup: Wait for price to tap into demand zones around 1.23750 - 1.23437 for potential reversals.
#GBPUSD #ForexTrading #TechnicalAnalysis #SmartMoneyConcepts #PriceAction #LiquidityZones #BreakOfStructure
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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.
fxforever
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.