Last week saw a good pinch on market pips. Aim to continue as always.
Price swing levels are set; either a or b, price action directs.
Levels/zones are calculated based on previous week H/L
Price swing levels are set; either a or b, price action directs.
Levels/zones are calculated based on previous week H/L
Note
First trade for the week @944 Sell closed @ SL -10pipsSell reentry @478
sl -15pips
Trade closed: stop reached
Trading concluded for the week, only this time it ended @ -25pips.Why? PinchPips, zones/levels are based on a range of 100 or 1000 (depending on the broker). This means price should bounce off any given value between 0 - 1000.
As clearly seen, today's price range from its low exceeds that, failing due to strong up trend to retrace off SZL.
Have a good trading week
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Related publications
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.