Updated

GBPUSD Week 30 Swing Zones

Patience is psychology.
Zones are set, but price action determines trades.

Note

Pinching +10pips
Entry228
SL - 5pips

Note

Buyentry @247
SL BE

Trade closed manually

Sellentry @371
SL: -10pips

Note

Entry is based on the 50% level between swing zones
SL -7pips

Note

Pinching 20pips
Move SL +5pips to recover earlier losses.
Aiming for a turning point @954

Note

Pinching 40pips
Move SL +10pips

Note

Pinched +10pips on last trade
3 trades: -5/0/10: +5pips
Reentry 327
SL -5pips

Note

Pinching 30pips
Move Sl to +10pips
a south heading towards @954

Note

Pinching +40pips
Move Sl +15pips
What next?

Note

b most likely now.
Pinching +50pips
Move Sl to +20pips

Note

Price came within 2pips from swing level.
Trade closed +20pips
4 trades: 5/0/10/20: +25pips

Note

Reentry @238
SL -5pips

Note

Pinching +20pips
Move Sl to BE
Dynamic TP @595

Note

Pinching +30pips
Move Sl to +10pips
Dynamic TP @595

Note

Pinching +50pips
Move Sl to +20pips (giving room for US GDP whip)
Dynamic TP @595

Note

Pinching +60pips
Move Sl to +30pips
Dynamic TP @595 (Price came within 0.1pip)

Note

Pinching +70pips
Move Sl to +40pips
Dynamic TP @595 broken. Next DTP @474

Trade closed manually

Pinched +60pips
5 trades: -5/0/10/20/60: +85pips
Price could climb higher

Note

Possibly last trade for week 30
Entry @609
SL -10pips

Note

Tight stops @ -5pips

Note

Trade closed for -5pips due to whip from US news
Done for the week
Have a good weekend

PinchPips

Related publications

GBPUSD Week 29 Swing Zones

by PinchPips

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.