FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

GBP/USD Currently, considering the analysis of the higher timeframe structure, the situation for the trading asset GBP/USD is leaning in favor of buyers. Since yesterday, the price of the asset has been trading within the liquid area of the FVG H4 (imbalance) of the four-hour period, bounded by the levels of 1.339-1.3314. In this zone, I am considering entering a position by capturing liquidity at the lows of the Asian or European sessions. My target is to reach the previous swing extreme (which was broken but not held) around 1.3369+/-, and then move towards the main target — the daily high at 1.3471+/- If the first highlighted liquidity area (FVG H4) is not held and is breached, I will not intervene in a possible decline. However, if the price reaches the second liquidity area of FVG H4, located in the range of 1.3274+/-, I will once again look for buying opportunities. This area is particularly informative as it is reinforced by a confirmation level (FVA) at 1.3266+/-. Ideally, upon testing this level, I expect to receive an impulse to continue the bullish scenario.