GBP/USD Outlook ICT Concepts
💰 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.
📉 Price Action Overview
As depicted in the chart, the price has swept the Buy Side Liquidity (BSL) out of the market, leading to a strong downward move targeting the Sell Side Liquidity (SSL).
🎯 Key Levels and Expectations
We have taken all the Internal Liquidity (IRL), and currently, we can expect the price to target key levels such as the previous week low (PWL) and other sell-side liquidity points marked on the chart, or even the previous month low (PML).
📈 Bullish Scenario
For a bullish scenario, we need the previous week low (PWL) to be taken. Following that, with confirmation on a lower time frame, we can anticipate the price to expand higher, targeting the 50% range or the premium area. After this, we can set our sights on the previous week high (PWH).
📊 Market Sentiment
Overall, the sentiment is bearish at the moment, and we can expect the price to drive lower into some sell-side liquidity and enter a discount area. Following this, we can look for the bullish scenario to emerge.
⚠️ 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.
📉 Price Action Overview
As depicted in the chart, the price has swept the Buy Side Liquidity (BSL) out of the market, leading to a strong downward move targeting the Sell Side Liquidity (SSL).
🎯 Key Levels and Expectations
We have taken all the Internal Liquidity (IRL), and currently, we can expect the price to target key levels such as the previous week low (PWL) and other sell-side liquidity points marked on the chart, or even the previous month low (PML).
📈 Bullish Scenario
For a bullish scenario, we need the previous week low (PWL) to be taken. Following that, with confirmation on a lower time frame, we can anticipate the price to expand higher, targeting the 50% range or the premium area. After this, we can set our sights on the previous week high (PWH).
📊 Market Sentiment
Overall, the sentiment is bearish at the moment, and we can expect the price to drive lower into some sell-side liquidity and enter a discount area. Following this, we can look for the bullish scenario to emerge.
⚠️ 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.
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