GBPUSD Technical Analysis by TradingDONThe market might have finished its liquidity grab below recent lows—the so-called “sweep” near 1.2900—and could be ready to bounce back if the broader timeframe stays bullish.
1. Entry Signal:
A clear 1-hour close above 1.2950–1.2960 (and perhaps a retest) would indicate that buyers are stepping back in.
2. Entry Idea:
Go long if the price breaks and holds above the short-term structure or if it retests an H1 FVG/demand zone around 1.2900–1.2920, forming bullish reversal candles.
3. Stop Loss:
Place your stop below the recent low or the FVG/demand zone (around 1.2880–1.2900). If the price continues dropping below this level, your bullish thesis is invalidated.
4. Take Profit Targets:
Aim for the upper FVG near 1.3000–1.3050, with partial profits taken at key psychological levels (like 1.3000) or previous swing highs.
5. Rationale:
If the higher timeframe trend remains bullish, the current dip might just be a “discount” opportunity for smart money to load up on longs. Reclaiming key structure levels on the H1 chart would confirm that bullish momentum is returning.
