Updated

GBPUSD Week 35 Swing zones

Support and Resistance is all about identifying previous price interest areas, PinchPips a step further is taken in calculating these areas before the occur; This is not a magic trick, but careful mathematical analysis.
As price has been missing entries by some small margins, new levels are calculated(black lines) to catch big swings.
Upper SZ: 32498 - 32548
Lower SZ: 31792 - 31742
As always, price action determines trades.

Note

Here we go
buy entry 999
SL -10pips
dtp @325

Note

first trade closed SL
Was expecting a bounce off lower SZ: but yet again few pips from entry level
This is getting diabolical

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Sell entry @529, though not a clean one.
Sl -10pips
dtp at lower SZ

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Pinching +20pips
Move Sl to BE

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Pinching +40pips
Move SL to +10pips

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Pinching +60pips
Move SL +20pips

Trade closed: target reached

Entry @529 pinched 70pips
Buy entry @795: i dont expect a rapid rise, as market close is near.
SL -10pips

Trade closed: stop reached

Entry@795, closed SL
Reentry @761, SL currently be
dtp @32800

Note

Pinching 40pips
Move SL to +10pips

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Pinching +50pips
SL to +20pips

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Trade closed for 20pips
4 trades : -10/+50/-10/+20 : 50pp
Buy reentry @768
Sl -10pips

Note

Entry @768, closed be
Reentry @558

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Pinching 30pips.
Move SL to +10pips.
The bounce on the SZ appears more cleaner than the others, so expecting price to reach dtp of 32800, but not tonight

Note

Entry @768 closed for 10pips
However, uptrend still valid, entry @ midpoint btw SZ
and yes, this has occurred in the past.

Note

Entry @645, closed for 10pips.
7 trades: -10/+50/-10/+20/0/+10+/+10
Pinched 70pips for the week.
Have a great weekend

PinchPips

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GBPUSD week 34 swing zones

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