$GBPUSD: Looking for longHTF bias is bullish
Price below equilibrium
Waiting for liquidity run
Price impulsively moved up and took 1H buy side liquidity and 1H bearish order block. Then moved back down and bounced of the 1H bullish order block and 70.5% Fib level. Currently ranging and could take previous day low then move up.
But I will not take any trade because of NFP
Ictsetups
$GBPUSD: Daily showing strength to the upsidePrice took 1H sell side liquidity (SSL 1H) then moved up and took 1H buy side liquidity (BSL 1H). Could still continue moving up but I will only take longs at price below Equilibrium.
Waiting for price to move below Equilibrium then look for buy signals. It will be high probability if it takes the 70.5% Fib level and 1H bullish order block (BullOB 1H)
GBPUSD: Confirms bullishnessMonthly, Weekly & Daily bias is bullish.
Price moved down aggressively yesterday because of the PMI news, taking multiple levels then reversed back up aggressively. (on daily time frame this shows a long wick). Price could continue moving up to take previous daily high or even the 1.28000 level.
Will wait for price to progress until London open and see if it will provide a setup for long.
GBPUSD: BullishPrice has taken the 78.6% Fib level, sell side liquidity (SSL 1H line) and the previous day low, it could continue down to take the whole number 1.27000 then move up or it could move up from here and target the bearish order block above (BearOB 1H line).
Waiting for a market structure shift and fair value gap on lower time frames to confirm that it wants to reverse back up.
GBPUSD: BullishOn 1hour chart, price is pretty rangebound but since monthly, weekly and daily bias is bullish it could still continue moving up. It is possible that it will take 1hour bullish order block (BullOB 1H line), and 70.5% Fib level, or even the sell side liquidity (SSL 1H line) before continuing moving up.
And it could target previous day high or even the buy side liquidity above (BSL 1H line)
GBPUSD: Could continue moving higherPrice continues to show higher highs and could continue moving higher. Yesterday price broke the buy side liquidity (BSL 1H line) then pulled back down. It could continue moving down to take the sell side liquidity (SSL 1H line) and even the 79% Fib level (OTE level). Waiting for these levels to be broken and see if it will provide setup to get long.
But since price already took the 1H bullish order block (BullOB 1H line with yellow arrow), it is also possible that price will reverse back up from here.
GBPUSD is currently ranging and is likely to reach for the lowGU has been ranging this week. Ranging between the 1.27900 & 1.26800 areas. Currently it is at the lower part of the range and it is likely to continue down to take the 1H bullish order block or even the 1H sell side liquidity area. Order blocks and liquidity levels acts as magnets, so it is likely for price to move towards these levels
I am looking for possible setup to target those levels and then wait on how price will react at those levels.