gbpusd week 36 swing zones
Updated
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/-5
Sell entry @800
Sl -10pips
dtp 30875
Trade closed: stop reached
Re entry @ 821
dtp 30875
Note
Move to SL to BENote
4 trades this week in the red: -10/-5/-10/0: -35pips
By keeping losses small, winners can overshadow them.
2nd week of loss out of 9 weeks.
Have a restful weekend
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