GBP/USD — 1H Bias Setup | 17NOV
🔹 SMC Flow
Price dipped into the higher-timeframe 1H/4H demand zone (green zone) where a previous displacement originated.
This zone also aligns with the daily bullish corrective leg, making it a high-value POI.
After reacting, price printed an internal LTF liquidity sweep, but the note is correct:
“might be possible LQ pool as the LTF LQC was an internal one.”
Meaning:
The first sweep was internal liquidity, not the true external pool.
Price may still target deeper liquidity (the equal lows / wick zone) before a full continuation.
🔹 Liquidity Context (LQC)
Market previously created a counter-trend CHoCH at the top (highlighted in red), grabbing buy-side liquidity.
This created the downward pull into demand.
The current rise is a reaction after sweeping sell-side liquidity beneath the major wick.
So the liquidity cycle is:
Buy-side sweep → Drop → Sell-side sweep → Bullish continuation
This is fully aligned with SMC + LQC logic.
📈 Bias / Expectation
Bullish towards 1.31950 – 1.32011
This aligns with the top of the current HTF range where external liquidity rests.
🛑 Invalidation
Clear invalidation is below 1.31347, where the HTF demand gets violated and the bullish idea collapses.
