GBPUSD Week 33 Swing Zones

Highlighting 2 swing zones as always. Both of which are identified from previous weeks price action around the levels.
Using Tradingview's alert, place @ 7389 and @7090
In reviewing previous week; price could swing up, in which case the upper SZ will be highlighted
Price action determines trades: Entry on the 5mins chart to achieve tight stops of 10-15pips

Note

As with last week, price moves up to the higher SZ.
Entry @021. SL -15pips
dtp @7385

Note

Pinching +20pips. Move SL to BE

Note

Trade closed @ BE
Reentry @ upper SZ @249
SL -15pips
dtp @7385

Trade closed: stop reached

Entry @249 stopout for -15pips
Reentry @699 for dtp @448
SL -10pips

Trade closed manually

Pinched +40pips on entry 699
Price bouncing off midpoint btw SZ for entry @274

Note

3 trades so far: 0/-15/40 : 25 pips Pinched.
Entry @274 pinching 20 pips, move SL to BE
dtp (dynamic TP) @8936

Note

entry 274 trade closed be
Zone still valid, as price is bouncing again
Entry 245
SL -10pips
dtp @8936

Note

Pinching 20pips
Move SL to BE
dtp @8936

Note

In trailing stop fashion, we pinched 10pips on last trade, as price moved +40pips from entry

Note

Missed out on the bounce from the SZ (Red box) for a huge swing past dtp, no fomo
five trades concludes week 33: 0/-15/40/0/10: 35pips pinched
Have a great weekend

PinchPips

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GBPUSD Week 32 Swing Zones

by PinchPips

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