Executive Summary - GBP/USD Daily / Saxo Chart date: Oct 29, 20British Pound/US DollarSAXO:GBPUSDajani93goldmane1. Market Structure Sep to mid-Oct: Strong downtrend from ∼1.36700 to ∼1.31372 low. Mid-Oct: Consolidation / basing around 1.3200 - 1.3270 Late Oct: Aggressive bullish impulse from 1.31372 to 1.34192 high, breaking the consolidation. Structure has shifted bullish short-term. Now: Pullback in progress after rejection at 1.34192. Price trading at 1.33292, -0.6% off the high. 2. Setup Visible on Chart Long position tool + Fibonacci retracement drawn from swing low 1.31372 (100%) to swing high 1.34192 (0.00%). Trade Plan Marked: Entry Zone: 1.32782 (50.0% Fib) to 1.32449 (61.8% Fib) - The Golden Pocket. The purple box highlights 1.32449 - 1.32677 as ideal discount. Stop Loss: 1.31782 - below the recent low structure and 100% Fib, ∼100 pips risk Take Profit: 1.35680 - above Sep highs / liquidity, ∼290 pips reward Risk/Reward: ∼1 : 2.9 The entry is anticipating a buy-the-dip within an uptrend, not chasing the top. 3. Key Levels to Watch Resistance: 1.34192 (recent high / 0% Fib), then 1.35680 (TP / Sep supply) Support / Buy Zone: 1.32782 (50%), 1.32677 - 1.32449 (61.8% Golden Pocket) Invalidation: Close below 1.31782 / 1.31372 = bullish thesis fails, opens retest of 1.3100 4. Catalysts UK and US news flags marked for early Nov at bottom of chart - High event risk for GBP/USD. Volatility expected around that window. Bias: Bullish while holding above 61.8% (1.32449). Ideal is to see consolidation / bullish reversal candles in the 1.3244 - 1.3278 zone before continuation to 1.3419 then 1.3568. 🐂💥💴📈