Swing zones and levels are in for week 36.
Given that Friday's close is below zones, anyone of a, b or c scenarios could play out for short positions. However, Monday's open could mean a reversal.
As always price action determines trades.
Given that Friday's close is below zones, anyone of a, b or c scenarios could play out for short positions. However, Monday's open could mean a reversal.
As always price action determines trades.
Note
No setups on a and b.C should've been the winner, but price didn't get there (as we have seen in previous weeks, redbox). Sell Direction was right however.
No FOMO; will be looking for buy setup to get back to C
Note
sell Entry @171 SL -10pips
dtp @30725 (will be looking for reversal at this level)
Trade closed: stop reached
Entry @171 stopped out.What was predicted has played out.
Entry @644
SL -15pips
Note
Momentum is slowing down (This usually signifies reversal of trend, but we hold)Cut Sl to -5pips
Note
2 trades: -10/-5Sell entry @800
Sl -10pips
dtp 30875
Trade closed: stop reached
Re entry @ 821dtp 30875
Note
Move to SL to BENote
4 trades this week in the red: -10/-5/-10/0: -35pipsBy keeping losses small, winners can overshadow them.
2nd week of loss out of 9 weeks.
Have a restful weekend
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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.