FX.co ★ GBP/USD

*GBPUSD 1H SMC/ICT Analysis: At Supply - Short Setup Loading* *Current Price: 1.34750 | +0.00097 (+0.07%)* *1. Market Structure - Bullish But Overextended* GBPUSD 1H is bullish. *Sequence*: SSL Swept 1.3180 → CHoCH → BSL Swept 1.3220 → Strong BOS up. Price is now sitting inside *PREMIUM / SUPPLY ZONE 1.34800 - 1.35050* red box and just tapped *PD ARRAY / SELL SIDE LIQUIDITY 1.34750*. This is the exact same setup as EURUSD. We sold the rally, now we wait for the dump. *2. Key ICT Levels on Chart* *PREMIUM / SUPPLY ZONE: 1.34800 - 1.35050*: Red box. Price is in it now. *PD ARRAY / SELL SIDE LIQUIDITY: 1.34750*: Current high. Stop hunt complete. *Bearish OB: 1.33750 - 1.33950*: Grey box. First target if we drop. *FVG Imbalance: 1.32980 - 1.33150*: Grey box. Gap to fill. *Bullish OB: 1.32300 - 1.32550*: Blue box. Major demand. *DISCOUNT / DEMAND ZONE: 1.31350 - 1.31650*: Green box. Final buy area. *3. Execution Plan* Bias: *Bearish below 1.35050 | Bullish only on discount retest* *Scenario 1 - Sell*: Sell rejection from 1.34800 - 1.35050 Premium Zone. Wait for 15M *bearish CHoCH + displacement*. *Entry*: 1.3485 Limit Sell / 1.3470 Market Sell | *SL*: 1.35150 | *TP1*: 1.3390 Bearish OB | *TP2*: 1.3305 FVG | *TP3*: 1.3240 Bullish OB Risk:Reward ~ 1:2.5 to FVG *Scenario 2 - Buy*: Only buy on retest of 1.32300 - 1.32550 Bullish OB or 1.31350 - 1.31650 Discount Zone. *Entry*: 1.3240 Limit Buy | *SL*: 1.3200 | *TP*: 1.3400 *Invalidation*: 1H close above 1.35050 → targets 1.3550+

*4. Risk Management* Risk 0.5% - 1% per trade. Never buy in premium. Wait for discount. ICT Rule: "Trade with the liquidity". BSL is taken. Now price wants to take sell stops below 1.3390 and 1.3240. Take 50% at 1.3390 and move SL to BE. *5. Conclusion & Outlook* Textbook: *Liquidity Sweep → CHoCH → BOS → Supply Zone Rejection*. *Key level: 1.35050*. Rejection confirms drop to fill FVG and OBs below. Hold 1.35050 = continuation to 1.3550.