# Revised GBP/USD London Session Bullish Setup
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Market Context
- Price gapped up into the **breaker zone at 1.34160–1.34190, now acting as support.
- The Asian session rallied into the 0.25 **quadrant of the 4-hour wick** (not the daily range) before stalling and retracing.
- A buy-side imbalance (sell-side inefficiency) sits beneath that breaker, meaning liquidity is resting below the zone.
These factors set the stage for a **bullish reaction** once London session liquidity arrives.
-Trade Plan
1. Timeframes
- Entry: 15-minute chart
- Bias and structure: 1-hour and 4-hour charts
2. Reference Levels
- Breaker/imbalance zone: 1.34160–1.34190
- 4-hour wick high: ~1.34400
- Psychological level: 1.34500
3. Entry
- Wait for a pullback into 1.34180–1.34190.
- Confirm with a bullish price-action signal
4. Stop Loss
- Below the low of the imbalance zone.
5. Profit Targets
- T1: 4-hour wick high / Asian high at 1.34400
- T2: Psychological level at 1.34500
Execution Checklist
- Ensure London open shows bullish momentum (first 15-min close above zone).
- Check correlation: weak USD (DXY down) or EUR/USD strength adds confidence.
Ongoing Management
- Move stop to breakeven once T1 is hit.
- Scale out 25% at T1, let the remainder run to T2.
- If price closes below 1.34160 on a 15-minute chart, exit early to protect capital.
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Market Context
- Price gapped up into the **breaker zone at 1.34160–1.34190, now acting as support.
- The Asian session rallied into the 0.25 **quadrant of the 4-hour wick** (not the daily range) before stalling and retracing.
- A buy-side imbalance (sell-side inefficiency) sits beneath that breaker, meaning liquidity is resting below the zone.
These factors set the stage for a **bullish reaction** once London session liquidity arrives.
-Trade Plan
1. Timeframes
- Entry: 15-minute chart
- Bias and structure: 1-hour and 4-hour charts
2. Reference Levels
- Breaker/imbalance zone: 1.34160–1.34190
- 4-hour wick high: ~1.34400
- Psychological level: 1.34500
3. Entry
- Wait for a pullback into 1.34180–1.34190.
- Confirm with a bullish price-action signal
4. Stop Loss
- Below the low of the imbalance zone.
5. Profit Targets
- T1: 4-hour wick high / Asian high at 1.34400
- T2: Psychological level at 1.34500
Execution Checklist
- Ensure London open shows bullish momentum (first 15-min close above zone).
- Check correlation: weak USD (DXY down) or EUR/USD strength adds confidence.
Ongoing Management
- Move stop to breakeven once T1 is hit.
- Scale out 25% at T1, let the remainder run to T2.
- If price closes below 1.34160 on a 15-minute chart, exit early to protect capital.
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.
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.