GBPUSD Week 43 Swing Zones
Updated
A nice flow to Week 42 price swings.
SZ are calculated based on previous week last highest or lowest price depending on if its uptrend or down.
Week 43 SZs are set.
As always, Price action determines trades
SZ are calculated based on previous week last highest or lowest price depending on if its uptrend or down.
Week 43 SZs are set.
As always, Price action determines trades
Note
first trade of new week
entry @524
sl -10pips
dtp, lower SZ
Note
Price pinching +18pips
move SL to BE
Note
Price pinching +30pips
move SL to +10pips
Note
Pinching +50pips
move Sl to +20pips
Will be looking for retracement on lower SZ: 994-944
Note
Price pinching +60pips
Move SL to +30pips
dtp 29662
Note
Price pinching +70pips
Move SL to +40pips
dtp 29662
Trade closed manually
Price didnt reach dtp.
Entry @524 pinched 50pips
Note
Eventually, price gets to Level 662
Buy entry 734
SL -10pips
Note
Buy Entry 734, stopped out
Price bouncing off SZ for sell entry 903
Looking fast momentum, otherwise will close early
Note
Sell Entry 903 pinched 30pips
3 trades: +50/-10/+30 = 70pp
Buy entry 523 for double bottom trade
SL -10pips
Note
Buy entry 523, closed at SL
4 trades: +50/-10/+30/-10 = 60pp
Week 43 concluded
Do have a good weekend
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