GBPUSD Week 32 Swing Zones
Updated
Excepting wk 32 to open with a swing upwards towards SZ for a move down towards dtp(dynamic TP), as always price action determines trades.
Note
The reverse happening, looking at the lower LSZ for buy setupsNote
Entry 228 on the 1 minute (due to high volatility)SL @ -15pips
Trade closed manually
First trade for week done.Pinched +80pips
Trade closed manually
Trade @329: pinched +20pips
Will be looking for reentry buy
Note
2 trades so far 80/20: 100 pinched pips
Looking @6440 for buy setup
Note
Nice bounce off SZ, for entry @173
dtp @6440
Trade closed manually
entry @173 closed @ +10pips
Still looking for price to reach 6440 for buy setup
Note
With the SZ on the chart, entry areas can be reviewed from previous weeks and applied accordingly.
Reentry @261 for dtp @6440 where we look for buy setup
Note
Entry @261 closed for +30pips, this is because there appears to be a hidden support at half the distance btw SZ and dtp.
Buy entry @826. SL -10pips
Note
Entry @826 closed for +10pips
Market swinging to 6440 level
Note
As always PIP (Patience is psychology) is active: No FOMO.
Was expecting price to bounce of 6440: bouncing off to the gap area highlighted by red box. This is because we excepted price to touch the upper SZ before move down.
Price did bounce off midpoint btw Lower SZ and 6440 but no perfect setup for buy entry
Note
Week 32 concluded with 5 trades, with a total of 150pips pinched.
Have a good weekend.
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