Paul_FRX

$GBPUSD 12.07.2023 HTF analysis.

FX:GBPUSD   British Pound / U.S. Dollar
Price has moved down to take the +FVG 1W as forecasted. It could continue down to take the +FVG 1W (CE) which is also the +OB 1D

Terms I use
IPDA: interbank price delivery algorithm
SMR: Smart money reversal
AR: Asian range
ARH: Asian range high
ARL: Asian range low
IOF: institutional order flow
OTE: optimal trade entry
BPR: Balanced price range
HTF: higher time frame
LTF: lower time frame
FVG: fair value gap
SIBI : Sell side imbalance buy side inefficiency (-FVG)
BISI : Buy side imbalance sell side inefficiency (+FVG)
PDH: previous day high
PDL: previous day low
BSL: buy side liquidity
SSL: sell side liquidity
EQH: equal high
EQL: equal low
OB: order block
RB: rejection block
MB: mitigation block
BB: breaker block
-: bearish (e.g -OB means bearish order block)
+: bullish (e.g +OB means bullish order block)
LOKZ: London open kill zone
NYKZ: New York kill zone
MT: Mean threshold
CE: Consequent encroachment

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