Pair: GBP/USD
Timeframe: 1H
Bias: Long
Entry Type: Reclaim + Inducement Play
Target: Buy-side Liquidity at 1.36198
🧠 Thesis:
We’re looking to long cable after a classic setup has presented itself:
- Market structure shift has occurred to the upside.
- Price retraced into a Bullish Breaker Block aligned with a 1H Fair Value Gap (FVG) and NY Midnight Open.
- Liquidity inducement just above the NY Midnight Open should provide the fuel.
🧱 Key Confluences:
✅ 1H FVG in alignment with BB (Breaker Block)
✅ NY Midnight Open (1.34789) – acts as draw on liquidity
✅ Inducement above short-term highs before deeper retrace
✅ Buy-side liquidity resting at 1.36198
Timeframe: 1H
Bias: Long
Entry Type: Reclaim + Inducement Play
Target: Buy-side Liquidity at 1.36198
🧠 Thesis:
We’re looking to long cable after a classic setup has presented itself:
- Market structure shift has occurred to the upside.
- Price retraced into a Bullish Breaker Block aligned with a 1H Fair Value Gap (FVG) and NY Midnight Open.
- Liquidity inducement just above the NY Midnight Open should provide the fuel.
🧱 Key Confluences:
✅ 1H FVG in alignment with BB (Breaker Block)
✅ NY Midnight Open (1.34789) – acts as draw on liquidity
✅ Inducement above short-term highs before deeper retrace
✅ Buy-side liquidity resting at 1.36198
Trade active
SL moved to BE.Trade closed manually
There is a high probability of retracement on Friday.If target gets hit, oh well, we took profits.
If not, and here is my bet that it won't if it didn't so far, there will be rebuy opportunity next week
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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.