My GBPUSD Buy Setup For Next Week

Check out this Buy setup for GBPUSD projection for next week move.

GBPUSD

Thoughts Process Behind the Setup:

• Weekly Time Frame: Bullish plus FVG and bearish order block above price serving as a draw on liquidity.
  
• 
  
• Also, price already retraced to fill the FVG below price. Which means price is now ready to push higher to fill the FVG above.
  
• 
  
• Daily Frame: Price bouncing off daily bullish order block to fill an imbalance.
  
• 
  
• The only setback on daily for now is the bearish order block where price is currently at.
  
• 
  
• 2HR: Price took out sellside liquidity and dropped further into the weekly FVG and then created a shift in market structure leaving a clear FVG behind.
  
• 
  
• Entry: I used my FIB to locate OTE around the FVG which is where i will be placing my limit order for entry.
  
• 
  

What do you see on your own chart?

Komentarz:

Stop Loss: 1.26068

You can place your stop loss around that area

Take Profits 1: 1.27521

The area will be good for first take profits

Take Profits 2: 1.28004

I will take my second profits here.

Take Profits 3: 1.28583

Final profits will be taking here.

Komentarz:

Price is currrently ranging, yet to pick my order.

I believe price is ranging to gather liquidity from both buyers and sellers.

After this accumulation, I expect manipulation of price by going down to fill the fvg below and pick my order.

Then followed by a massive push to the upside.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Price hit target without picking my buy order.

Komentarz:

GBPUSD is still bullish.

But since we just took out external liquidity, i will wait till it retrace back inside the bullish range to rebalance an imbalance or find support at the 4H order block.
I will be buying GBPUSD at any of the discount PD arrays on 4H.

I will keep buying GBPUSD till we reach the 1.30043 level on weekly and monthly or till we have a shift in market structure on 4H.

Komentarz:

Gbpusd is still moving higher as expected.

Komentarz:

1.300 profit target achieved.

Price is still going higher. we are now at premium level on weekly.