GBPUSD Live Week 49 Swing Zones

Week 48 ended with 20pp, with price moving in fairly the predicted direction.
Week 49 Sz is as highlighted 210-160, price is currently trending below having failed to bounce off.
Will be looking @ calculated lower levels of 814 and 616, for bounce back up.
As always Price action determines trades.

Trade active

Entry on the 5 min bounce for level 814
SL -10pips

Trade closed: target reached

Entry 859 pinched 30pips
Sell entry SZ 188
SL -10pips
Aiming for 616

Note

Sell entry 188 pinching +50pips
Move SL to +30pips
Price breaking fast past support level 616.
Next support @319

Note

Sell entry 188 pinched +90pips
Price breaking past support 319, but trade closed.
2 trades: +30/+90 = 120pp
Will be looking for buy setups

Note

Buy entry 344 Support 319
SL -15pips

Note

Buy re-entry @ 203
SL -10pips

Note

Price pinching +20pips
Not much move expected today as market closes. Price should continue upward from tomorrow

Note

Price pinching +60pips
Move Sl +20pips
dtp @ 334, if price breaks will be looking for where momentum slows to exit

Note

Entry @ 203 closed @ 20pips
4 trades: +30/+90/-15/+20= 125pp
Buy reentry @ 386, currently pinching +80pips. SL @ +20pips

Note

Entry 386 pinching +100pips
Move SL to +80pips

Note

Trade closed for 100pips
5 trades: +30/+90/-15/+20/+100= 225pp
Nice follow to Week 49.
Have a restful weekend

PinchPips

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GBPUSD Live Week 48 Swing Zones

by PinchPips

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