GBP/USD — 1H Bias Setup | 17NOV

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🔹 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.

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