GBPUSD Live Week 48 Swing Zones
Updated
Absent in the last 2 weeks, as there were No SZ. As stated previously, SZs are calculated based on previous weeks high/Low and a secret ingredient.
As seen on the chart, an expected price path is highlighted.
As always price action determines trades.
As seen on the chart, an expected price path is highlighted.
As always price action determines trades.
Note
Price missed first bounce @762
Bouncing off 514 for entry @545
SL -10pips
Currently pinching +10pips
Trade active
Price pinching 20pips
Move SL to BE
Trade closed: target reached
Entry @545 closed be
Level still valid, reentry @576
SL -10pips
Note
Price pinching +50pips
Move Sl to +20pips
Note
Entry @576 closed for +20pips
2 trades: 0/+20
Will be looking for buy entry at lower SZ
Note
Though no trades where taken, it can be clearly seen that price bounced off lower SZ.
2 trades pinched 20pips this week. Next week brings same opportunity, hopefully work can allow more screentime.
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