GBPUSD Week 33 Swing Zones
Updated
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
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
Comment
As with last week, price moves up to the higher SZ.
Entry @021. SL -15pips
dtp @7385
Comment
Pinching +20pips. Move SL to BEComment
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
Comment
3 trades so far: 0/-15/40 : 25 pips Pinched.
Entry @274 pinching 20 pips, move SL to BE
dtp (dynamic TP) @8936
Comment
entry 274 trade closed be
Zone still valid, as price is bouncing again
Entry 245
SL -10pips
dtp @8936
Comment
Pinching 20pips
Move SL to BE
dtp @8936
Comment
In trailing stop fashion, we pinched 10pips on last trade, as price moved +40pips from entryComment
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
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