📈 GBPUSD — Long swing setup (1D)

THE SETUP
Cable is holding a multi-week range and sitting above its 8/21/50/100-day moving averages. Rather than chase mid-range near 1.3465, the plan is a patient limit-buy into the 1.3400–1.3415 pullback zone, with the stop below the recent swing structure, targeting the range highs.

CONFLUENCES
• Price holds above all four key daily MAs — constructive structure
• Entry = range-floor demand at 1.3400–1.3415
• BoE held Bank Rate at 3.75% on Jul 30 (no cut) — near-term dovish catalyst removed
• Clean invalidation below 1.3355, RR ~2.3 to TP1

FUNDAMENTALS
BoE held at 3.75% on 30 Jul; next BoE decision is 17 Sep, so no UK rate event sits inside the swing window. Next Fed decision is 15–16 Sep — the risk if the trade runs into TP3. USD has been firm on resilient US data, which is why the plan buys a dip into support rather than chasing.

TRADE PLAN
Entry zone: 1.3400 – 1.3415
Stop loss: 1.3355 (below range structure)
TP1: 1.3505 (+0.7%)
TP2: 1.3560 (+1.1%)
TP3: 1.3610 (+1.6%)
Invalidation: daily close below 1.3355 kills the idea.

Follow for the daily levels — updates posted on this idea as it plays out. 🔔

Not financial advice. Trade your own plan and manage risk.