My opinion on GBPUSD

As for today these are my thoughts on GBPUSD.

what does ATM, OTE and ALP stand for?

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ATM-Is the retest on a broken swing, given price is coming from a key level created by a 2 stage move. For example In a bullish scenario we want to see that at least 2 short term lows were broke before creating the key low, When price moves up from that key low and breaks a swing high, wait for it to come back and retest that broken swing high level to confirm ATM. It is more effective on 1h timeframe.

OTE-are the levels on the Fibonacci were retracements occur. Below is the Fibonacci settings:
level Description
0 0.0
1 100%
.79 79% OTE:::%$:::
.62 62% OTE:::%$:::
.705 sweet spot OTE:::%$:::
1.62 1.62% Extension- Profit
1.27 1.27% Extension- Profit

ALP- stands for anticipated liquidity pool. These are zones where I predict False moves occur up to after equal levels are broke. When ALP is exhausted it means that the true trend is now taking place and price is reversing from false move.

In a bullish scenario:
sweet spot OTE, ATM retest and the lowest level of liquidity pool formed after breaking equal lows, might be one price and a rejection on this price is a decent buy signal(you should consider other factors too before you enter the trade)

I hope you understand.

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