British Pound / U.S. Dollar

Long

Updated

GBPUSD Week 3 Swing Zone & Level

Week 3 SZL are set as indicated.
Price action determines either a or b playing out with adjustments and variations.
Entry on 5mins TF with SL @ 10-15pips
By pinching +225pips last week, the year is off to a good start

Trade active

First Buy for the week @ 315
SL -10pips
dtp 23820

snapshot

Trade closed: stop reached

entry @315 closed be
Reentry @138 stopped out for -10pips
Buy reentry currently pinching +30pips

snapshot

Note

Price pinching +50pips
Move SL +15pips

Note

Price pinching +100pips
Move SL +40pips

Note

Entry @ 074 closed for 40pips
3 trades: 0/-10/+40 = 30pp
Buy continuation entry @965
SL -10pips

snapshot

Note

Entry @ 965 closed in Loss
Reentry @977
Price pinching +20pips, move SL to BE

snapshot

Note

Entry 977 closed for +20pips
5 trades: 0/-10/+40/-10/+20 = 40pp

Related publications

GBPUSD Week 2 Swing Zone & Level

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.

Related publications

GBPUSD Week 2 Swing Zone & Level

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.