British Pound / U.S. DollarUpdated GBPUSD Week 30 Swing Zones
Patience is psychology.
Zones are set, but price action determines trades.
Zones are set, but price action determines trades.
Note
Pinching +10pipsEntry228
SL - 5pips
Note
Buyentry @247SL BE
Trade closed manually
Sellentry @371SL: -10pips
Note
Entry is based on the 50% level between swing zonesSL -7pips
Note
Pinching 20pipsMove SL +5pips to recover earlier losses.
Aiming for a turning point @954
Note
Pinching 40pipsMove SL +10pips
Note
Note
Pinched +10pips on last trade3 trades: -5/0/10: +5pips
Reentry 327
SL -5pips
Note
Pinching 30pipsMove Sl to +10pips
a south heading towards @954
Note
Pinching +40pipsMove Sl +15pips
What next?
Note
b most likely now.Pinching +50pips
Move Sl to +20pips
Note
Price came within 2pips from swing level.Trade closed +20pips
4 trades: 5/0/10/20: +25pips
Note
Reentry @238SL -5pips
Note
Pinching +20pipsMove Sl to BE
Dynamic TP @595
Note
Pinching +30pipsMove Sl to +10pips
Dynamic TP @595
Note
Pinching +50pipsMove Sl to +20pips (giving room for US GDP whip)
Dynamic TP @595
Note
Pinching +60pipsMove Sl to +30pips
Dynamic TP @595 (Price came within 0.1pip)
Note
Pinching +70pipsMove Sl to +40pips
Dynamic TP @595 broken. Next DTP @474
Trade closed manually
Pinched +60pips5 trades: -5/0/10/20/60: +85pips
Price could climb higher
Note
Possibly last trade for week 30Entry @609
SL -10pips
Note
Tight stops @ -5pipsNote
Trade closed for -5pips due to whip from US newsDone for the week
Have a good weekend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.