Swing zone and levels are calculated and set.
As always price action determines trades.
As always price action determines trades.
Trade active
Price following path aEntry @770
sl @ +15pips
Note
Entry 770 closed for +80pipsPrice blew past upper level. Looking for sell entry @588
Trade closed: target reached
Price broke past 588.And so a rebound at 290 gave a buy entry @350
SL @ +20pips
Note
Looks like a double-top forming @984 Entry 350 closed for +60pips
2 trades: +80/+60 = 140pips
For a second week in a row, trading on GBPUSD concluded on Monday.
Will continue with USDJPY daily pivot levels from tomorrow
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.