Week 27 saw a good bounce on calculated levels for Pinchpips of +142pips. Week 28 levels are set as indicated: looking for bounce on the 5mins chart SL remains at 10-15 pips.
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Here we go. Entry @ 28445. SL 10-15pips Pinching +10pips
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Pinching +30pips. Move SL to BE
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Pinching +40pips. Move SL to +10pips
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Pinching +50pips. Move SL to +20pips
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Pinching +60pips. Move SL to +30pips
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Trade closed. Pinched +30pips. Will look for a double top at upper swing zone
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Double top formed at Swingzone, however no entry as market nears close of business. Usually double top should form on next day during high volume periods. Consequently will be looking for sell setup around 28700
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Entry @775 SL 10-15pips
Trade closed: stop reached
SL @-10pips 2 Trades: +30/-10 Pinching 20pips for the week
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Entry @9458 SL 10-15pips Pinching +30pips
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iTP(Initial TP) is usually calculated as price moves in our direction. For the current trade, Tuesday's Low is a starting point. There's a zone that wasnt filled. Might not happen today, but the US PPI news tomorrow might be that push Move SL to BE
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Pinching +40pips Move SL +10pips
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SL hit @+10pips 3 Trades: +30/-10/+10 Looking for double top @ Thursday's high
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Price break past Thursday's high. We are at the 700's zone once again for sell setup and possibly final trade for the week.
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Entry @9745 SL 10-15pips
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Tight stops. Move SL to -5pips iTP +30pips
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Its a wrap for Week 28 4 Trades: +25pips Week 29 next Have a good weekend
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