GBPUSD Week 39 Swing zones
Updated
SZ are calculated for week 39.
Price action determines trades.
Price action determines trades.
Note
Price broke past lower SZ for a recalculation.
New SZ at 556 -499
Entry @562
Sl -10pips
Note
Price pinching +20pips
Move SL to BE
Note
Price pinching +40pips
Move SL to +15pips
Note
Price pinching +70pips
Move SL to +40pips
Note
Price pinching +90pips
Move SL to +60pips
Note
Move SL to +80pipsTrade closed manually
Entry @562, pinched +90pips
Quick sell @502
Sl -10pips
Note
Momemtum completely down bcos of EOD.
Lets see what price does 2mao, could continue upwards but looking for a retrace of about +20pips from entry
Note
2 trades: +90/-10 = 80pp.
Price did retrace as expected, but not to a buy SZ.
Continuing higher today, will be looking for sell setup around 971 for a good swing down.
Note
As hoped. Price bouncing off 971 level for entry @915
SL -10pips
Note
Trade activity concluded for the week.
3 trades: +90/-10/0
80pips pinched.
Have a great week-end
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