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GBPUSD Week 31 Swing Zones

Patience is psychology.
Zones are set, but price action determines trades.
+200 pinched pips(pp) and rising

Note

Nice bounce off the SZ but no entry: At this time-of-day, spreads are wide.
Looking for retest

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First trade for week 31
entry 426
SL -10pips

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Pinching +10pips
Move SL to -5pips

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Closed trade be (Move of 20pips, tight stop Entry)
Reentry @ 466 (As seen in Wk 30, price does bounce off 50% level btw SZ)

Trade fermée manuellement

2 trades: both stopped-out be

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Reentry @622
SL -10pips

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Pinching +10pips
Move SL to -5pips

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Pinching +20pips
Move SL to BE

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Pinching +30pips
Move SL to +5pips
dtp @8000 (US Consumer News @3pm, could cause reversal or sharp continuation)

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Price didnt give the excepted whip from yesterday US consumer news, which in turn gives a nice retrace.
Second entry 50% btw SZ @491: dtp remains @8000 for both trades

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Entry @622: Move SL to+10pips
Entry @491: Move Sl to BE

Trade fermée manuellement

Entry @622: Closed for +10pips
Entry @491: closed @ BE

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Reentry @495
SL -10pips

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@495 Close @ BE(always move SL to BE after price pinches +20pips)
Reentry @607
dtp still @8000

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Pinching 40pips
Move SL to +20pips

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Pinching +70pips
Move Sl to +50pips
Price move past dtp(dynamic take profit) @8000
Next dtp @7560

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Pinching +80pips
Move Sl to +60pips
dtp @7560

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Pinching +90pips
Move Sl to +70pips.
dtp 560 could be a new SZ(Swing zone)

Trade fermée manuellement

Pinched 100pips.
As hoped. Price bouncing off 560
Entry @601

Note

Entry @601. closed be (Always move SL to BE after pinching 20pips)
SZ holding strong: Reentry @647: Pinching +40pips

Trade fermée manuellement

Tight stops, quick BE, good momentum defines this week.
8 trades for total pinched 160pips.
See yall next week

PinchPips

Publications connexes

GBPUSD Week 30 Swing Zones

par PinchPips

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