GBPUSD Week 29 Swing Zones

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Pinched +25 pips in Week 28.
Looking back, we can see where price broke a swing zone but failed to continue, retracing back for what was suppose to be a huge swing to the down side.
Lessons learnt, new week new zones set.
Note
We see a nice bounce on the 5 mins chart, however no trade taken. Spreads are usually wide at this time of the day.
Price breaking past support zone
Note
We see a repeat of last week's pattern. Where price broke a zone, and didnt reach calculated level before reversing.
Now calculated level slightly above zone for a move down.
Entry@772
SL@ -10pips
snapshot
Note
Move SL to 835.
Momentum strategy requires fast bounce from level before some consolidation (typically 20pips)
Trade fermée: ordre d’arrêt atteint
SL hit for -7pips loss.
Price forming a double top @905
Awaiting the next zone for a buysetup
Note
Excepting price to drop further, for a buy setup at support zone
snapshot
Note
Price failed to reach calculated level for up surge.
No FOMO here.
Looking for Sell setup
Note
Keeping an eye on 556 area for sell setup
snapshot
Note
Entry 902
SL -10pips
Aiming for 556 as initially planned
snapshot
Note
Low momentum on trade.
Tight stops @844
Note
SL hit @844 for -6pips.
Reentry @872 for fast move up (+20pips)
snapshot
Note
Tight stops @819 due to slow momentum
Note
Back to Zone.
Tight stop.
Reentry @703
snapshot
Note
Tight stops @692
Price pinched +10pips and retraced.
Momentum slowing down
Note
2 weeks in a row, price missed our swing zone by +10pips(red box).
Buy trades where to see if price could retrace to zone before move down.
However, we can see TPs of +80 pips in the predicted direction.
By keeping losses small, 1 good week trade will erode all losses
4 trades: -7/-6/-6-2 for -21pips
snapshot
ForexGBPUSDgbpusd_forecastPivot Pointssupply_and_demandSupply and Demandsupport_and_resistanceSupport and Resistancesupportandresistancezonesswingtradingswingtradingsetup

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