GBPUSD (15M) - Detailed Execution Zones Based on ICT & Price Act
GBPUSD (15M) - Detailed Execution Zones Based on ICT & Price Action
Bias: Bearish, Unless Price Reclaims 1.29644
- Current Trend: Downtrend, rejecting key liquidity levels.
- Liquidity Dynamics: Sell-side liquidity taken at EPL (1.2920), weak reaction.
- Market Structure: Bearish, no confirmed bullish shift.
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Bullish Execution Plan (Low Probability Unless Price Reclaims Key Levels)
Buy Entry 1: 1.2920 - 1.2930 (Liquidity Grab & Reversal)
- Confluence: 20ADR Level + Potential Bullish Order Block + EPL Sweep.
- Trigger: Price sweeps below 1.2920, shows bullish rejection (engulfing/strong wick).
- Target: 1.2950 (1/3ADR Level) → 1.29644 (CBR Retest).
- Stop Loss: Below 1.2900.
- Risk: Medium.
Buy Entry 2: Break & Retest of 1.29644
- Confluence: Previous Resistance + 1/3ADR Level + Daily Open (DO).
- Trigger: Strong close above 1.29644, bullish retest.
- Target: 1.2980 → 1.30031 (ADR Highs).
- Stop Loss: Below 1.2950.
- Risk: High (fakeouts likely).
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Bearish Execution Plan (Primary Plan, Based on ICT Concepts)
Sell Entry 1: 1.29644 (CBR Retest & Rejection)
- Confluence: DO Level + EPH (Liquidity Above) + Bearish Order Block.
- Trigger: Price taps 1.29644, forms rejection candle.
- Target: 1.2950 (1/3ADR Level) → 1.2930 → 1.2920 (EPL).
- Stop Loss: Above 1.2980.
- Risk: Low.
Sell Entry 2: Break & Retest of 1.2920 (EPL Breakdown)
- Confluence: Structural Breakdown + New York Session Confirmation.
- Trigger: Candle closes below 1.2920, retests as resistance.
- Target: 1.2900 (20ADR Target) → 1.2870 (Final TP).
- Stop Loss: Above 1.2935.
- Risk: Medium.
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Final Thoughts & Execution Summary
- Main Idea: Watch for a 1.29644 rejection to enter shorts.
- Alternative Buy Plan: If price drops to 1.2920, look for bullish reactions.
- High Probability Play:
Short 1.29644 → TP1: 1.2950 → TP2: 1.2930 → TP3: 1.2920
- Primary Play: Sell at premium, target new lows.
Trade closed: target reached
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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.