GBP/USD Analysis – Step-by-Step Trade Plan

Jan 31

✅ 4H Timeframe:
On the 4-hour chart, I identified an IFVG (Imbalance FVG) and an Order Block (OB). These could act as key reaction zones for the price.

✅ 1H Timeframe:
🔹 The market is currently in an uptrend.
🔹 I spotted a strong Wick, which could serve as a level for price reaction.
🔹 There’s also a potential Buy to Sell zone, which might push the price down.
🔹 A bit higher, there’s an Order Block that could turn into a Breaker Block – this is our first FTA (First Trouble Area) zone.

✅ 15M Timeframe:
🔹 I found an Order Block at the same level as the wick seen on the 1H timeframe.
✅take 1.24419
❌stop 1.24018
📊 tvx 1.24115
🔹 It’s important to closely watch the price as it approaches our OTE (Optimized Trade Entry) level.
🔹 I’ll wait for confirmation before taking the trade.

✅ Stop & Take-Profit:
🔹 Stop-loss is placed beyond the Wick to minimize risk.
🔹 Take-profit is set at the nearest liquidity level, but there’s also an option to hold the trade up to the weekly open, which is located higher.

✅ Alternative Scenario:
If the price doesn’t reach the first entry point, I will consider the next zone to the right as another possible trade opportunity.

📌 Conclusion:
The key is to monitor the market, wait for confirmation, and stick to the plan! 🚀

Jan 31

Order cancelled