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Ictorderbocks

GBPUSD: Directional bias is neutralPrice is still pretty rangebound. It left a long wick at the top then aggressively moved to the downside leaving fair value gaps and taking sell side liquidity (SSL 1H TAKEN line) before moving back up to fill up the fair value gaps. Price could continue moving up to take the bearish order block, which happens to be also the 62% Fib level and this Fib level is the start of the optimal trade entry (OTE) range. Or, since price is already near the levels at the bottom,, it could move down to take those first, then move up. Waiting for how price will approach the above or below levels and how will it react at those levels.
by Paul_FRX

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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