GBPUSD week 34 swing zones
Updated
GBPUSD This week swing zones are marked, with the help of trendline.Momentum and price action on the 5mins chart is required for trades and tight stops.
6 weeks of Sz has pinched +500pips
The art of trading is Patience.
Note
Missed the Lower SZ by +2pips (Redbox)
Price bouncing off upper SZ for entry @953
SL -15pips
dtp 29200
Trade closed: stop reached
Zone still valid.
Reentry @066
Sl -15pips
Note
Momentum slowing down around SZ.
Price might break past SZ for continuous push upwards.
Trade closed: stop reached
Sell entry @383, SL -10pips
dtp Redbox
Note
Pinching +20pips from entry,
Sell momentum is quite slow.
Buy momentum might be the ruler of this week
Trade closed: stop reached
Took entry on break of SZ
SL -10pips
dtp 31000
Note
Pinching +40pips
Move SL to +10pips
FOMC news in 1HR: might close trade manually before dtp/news
Note
Pinching +50pips
Move Sl to +20pips.
Note
Dtp hit, move SL to +40pipsNote
New dtp @373
Pinching +70pips
Move SL +50pips for secured weekly profit of +10pips
Trade closed manually
Entry @438 pinched +50pips
4 trades :-15/-15/-10/+50 for +10pips
Looking for buy setup @800 to continue to dtp 31373
Note
Its official, am being hunted.
Price coming within 2-3pips of entry level
Note
Finally got the bounce off 800 for entry @815
SL currenty @-5pips
dtp remain @373
Note
Pinching 20pips
Move Sl to BE
Note
Nice conclusion to week 34.
5 trades: -15/-15/-10/+50/100
Total pinched pips 110.
Have a good weekend
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