GBPUSD BUY TRADE PLANBritish Pound vs US DollarICMARKETS:GBPUSDjibkhan111WEEKLY TRADE PLAN — GBPUSD 🏷️ Status CONDITIONAL TRADE PLAN — TWO SAME-DIRECTION EXECUTION PATHS Executable elite plans: 2 Primary: Deeper H4 pullback buy Alternate: Breakout-retest buy if no pullback occurs Only one GBPUSD entry may be active. Fundamental Alignment Supportive but event-sensitive — conviction modestly boosted. The BoE’s current stance is marginally more GBP-supportive than the Fed’s, but next week’s UK jobs and inflation releases can quickly change that balance. Risk remains reduced until the data is absorbed. Scenario A — PRIMARY PULLBACK BUY 🎯 Trade Idea BUY The broader H4 structure remains bullish, but current price around 1.3455 is neither deep enough nor clean enough to chase. 📘 Trade Type Trend Continuation Pullback 📍 Entry Plan Order Type: Conditional Buy Preferred Entry: 1.3400, after activation. Main POI Zone: 1.3375–1.3425 Preferred Execution Band: 1.3390–1.3415 POI Logic: Bullish H4 swing structure + breakout origin + role-flip support + structural invalidation beneath the base + open path back toward the weekly high. Set-and-Forget Eligible: NO Friday already partially tested the higher edge of the zone, and major UK data is approaching. The deeper base must prove it is still defended. 🛑 Stop Loss SL: 1.3350 🎯 Targets TP1: 1.3495 TP2: 1.3560 TP3: 1.3650 📊 Risk / Reward RR to TP2: approximately 1:3.2 Risk: 0.50% Plan Quality: A+ / 92 ✅ Activation Trade is not active. Price must pull back into 1.3375–1.3425. A completed H4 candle must defend the zone and close back above 1.3420. If that confirmation closes inside or immediately beside the execution band, a market buy is permitted while RR remains at least 1:3. If the confirmation closes materially higher, place Buy Limit 1.3400 on the first controlled retest. ⚠️ Cancel Trade If H4 closes below 1.3350. Price accepts below 1.3375 rather than reclaiming. Price reaches 1.3495 before entry. Monday gaps through the POI. UK or U.S. data consumes the zone with bearish acceptance. The order remains unfilled at Friday New York close. 🛡️ Trade Management TP1 — 1.3495: Reduce approximately 25% because this is the first shelf where the recovery may stall. If price reaches it and then closes H4 back below 1.3420, protect the remainder because the defended pullback has failed to hold. TP2 — 1.3560: This is the principal objective and the high that stopped last week’s expansion. Close most of the position here. Holding beyond it is justified only if H4 breaks and accepts above the high rather than merely wicking through it. TP3 — 1.3650: Keep only a small runner after an H4 close above 1.3560 and a successful retest. A sharp rejection from the weekly high means the trade is complete at TP2. 🔁 Scenario B — BREAKOUT BUY ALTERNATE Not active now. This is used only if GBPUSD moves higher without providing the primary pullback. Trade Type: Breakout-Retest Expansion Main POI Zone: 1.3535–1.3565 Preferred Execution Band: 1.3545–1.3555 Entry: Conditional buy after H4 breakout acceptance. Preferred Entry: 1.3550 Activation: H4 closes above 1.3560. Price retests 1.3535–1.3565. A completed H4 candle holds the retest above the broken high. Enter near 1.3550 only while the breakout remains accepted. SL: 1.3505 TP1: 1.3615 TP2: 1.3690 TP3: 1.3780 RR to TP2: approximately 1:3.1 Cancel if: Breakout immediately fails below 1.3505. Price reaches 1.3615 before offering the retest. The move is only a news wick without H4 acceptance. The primary pullback trade is already active. Management if activated At 1.3615, remove roughly 25% because this is the first weekly reaction shelf above the breakout. At 1.3690, close most because price enters the established upper weekly range. Hold toward 1.3780 only if H4 remains accepted above 1.3690. 📅 Validity / Expiry Valid through Friday, July 24 New York close, unless cancelled earlier. No fresh activation late Friday. An unfilled order expires Friday. A filled trade continues under its SL and management; Friday expiry does not automatically close it. No carryover or re-entry next week without a new X or PLAN AUDIT. 📝 Trader Note GBPUSD tapped the old buy area on Friday, but the proper confirmation-and-retest sequence never completed before the close. For the new week, I am not buying 1.3455. I want a controlled return into 1.3390–1.3415 and an H4 defence back above 1.3420. If that close remains near the band, I can buy at market; if it closes higher, I will leave 1.3400 for the first retest. If price breaks 1.3560 before pulling back, the primary entry is missed and I switch attention only to the confirmed breakout-retest plan. An H4 close below 1.3350 kills the bullish thesis completely. 🔍 Scenario Audit Executable elite plans: 2 Primary pullback buy: Valid. Same-direction breakout alternate: Valid only after H4 acceptance and retest. Tactical sell: Watch Only — H4 bullish structure has not failed. HTF sell around 1.3630–1.3700: Watch Only — requires price to reach the zone, H4 failure and H1 reversal confirmation.