GBPUSD | NFP Week Tape Reading

١ سبتمبر ٢٠٢٣

GBPUSD weekly tape reading.
Despite it being NFP week, which typical weekly profile is a "seek and destroy" scenario, GBP/USD displayed notably clean & tradable price action.
Look at my previous DXY analysis post for a better understanding.

• Bullish DXY = Bearish Foreign Currencies. (XXXUSD)

• Identify higher timeframe premium order block and SMT divergence with EURUSD.

• Identify ICT Market Maker Model. Smart Money Reversal @ HTF POI

• Monday - Tuesday hovering below HTF Premium Array, engineering liquidity.

• Wednesday - Rises into the HTF Premium Array during USD red folder news, forming high of week. TIME & PRICE!!!

https://www.tradingview.com/x/gnprkUTv/

• Sauce levels for extra confluence ;)

• ICT One-Shot One-Kill

Anticipate more pronounced and larger range price swings as we enter Late Q3 early Q4, traditionally regarded as a favorable period for currency trading.