ET = Engulf Target
TH = Target Hit
ML = Magnet Level
TRZ = Trap Zone
BS = Base Shoulder
FS = Final Shoulder
IBS = Ignore Base Shoulder

Our overall outlook on GBPUSD remains bullish, in line with last week's analysis.

At the same time, I still expect one more bearish retracement into the highlighted demand zone before the next impulsive move higher.

A short position from the current area is possible, but it would require a relatively wide stop loss, resulting in an unfavorable risk-to-reward profile.

For that reason, I have no interest in selling at current prices.

Instead, the plan is to wait for price to reach the mapped demand zone and then evaluate the structure for a potential buy setup.

Patience remains part of the execution plan.

Current analysis focuses on liquidity behavior, structural reactions, and step-by-step market delivery.

As precise as a Swiss watch.