Short

Updated

GBPUSD Week 38 Swing zones

Last 2 weeks have proven while its a good plan to keeps losses small and swing for big wins.
Sometimes you swing and miss, but thats ok.
Based on calculations SZ are set of W38, but price action determines trades
USZ: 299 - 330
LSZ: 901 - 850

Note

Price broke through USZ. Recalculated level @598 for entry at same.
SL -10pips
dtp: 329

Trade closed: stop reached

Buy entry @611
SL -10pips
dtp new SZ: 828 - 898

Note

Price blowing past SZ.
Pinching 40pips, Move SL to +20pips
dtp @299

Note

Pinching 50pips, Move SL to +30pips

Trade closed manually

Slowing Momentum, EOD: Will look for a continuation 2mao
Pinched +40pips.
2 trades:-10/+40 = +30pp

Note

Was expecting a bounce from SZ to 402.
Will be looking for sell setup around 402

Note

Adjusting my expectation to price posture.
Entry @251
SL -10pips
dtp to be determined

Note

Tights Stop.
Move Sl to -5pips

Note

Pinching 40pips
Move SL to +20pips

Trade closed manually

entry @251 closed for 30pips.
Buy entry at SZ, 924
SL -10pips

Note

Faked out of a good swing at the SZ.
4 trades: -10/+40/+30/-10 = 50pp
will be looking for buy setups

Note

No clear setup 599 level for buys.
We are back to sell zone for entry 234
tight stops @-5pips

Note

Closed week on a positive
5 trades: -10/+40/+30/-10/-5 = 45pp
Rest easy, put yur feet up, have a good weekend

PinchPips

Related publications

gbpusd Week 37 Swing zones

by PinchPips

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