GBPUSD week 34 swing zones

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 +40pips

Note

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

PinchPips

Related publications

GBPUSD Week 33 Swing Zones

by PinchPips

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