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British Pound / U.S. Dollar
Updated

GBPUSD Week 31 Swing Zones

299
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
snapshot
Note
First trade for week 31
entry 426
SL -10pips
snapshot
Note
Pinching +10pips
Move SL to -5pips
Note
Closed trade be (Move of 20pips, tight stop Entry)
Reentry @ 466 (As seen in Wk 30, price does bounce off 50% level btw SZ)
snapshot
Trade closed manually
2 trades: both stopped-out be
Note
Reentry @622
SL -10pips
snapshot
Note
Pinching +10pips
Move SL to -5pips
Note
Pinching +20pips
Move SL to BE
Note
Pinching +30pips
Move SL to +5pips
dtp @8000 (US Consumer News @3pm, could cause reversal or sharp continuation)
Note
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
snapshot
Note
Entry @622: Move SL to+10pips
Entry @491: Move Sl to BE
Trade closed manually
Entry @622: Closed for +10pips
Entry @491: closed @ BE
Note
Reentry @495
SL -10pips
snapshot
Note
@495 Close @ BE(always move SL to BE after price pinches +20pips)
Reentry @607
dtp still @8000
snapshot
Note
Pinching 40pips
Move SL to +20pips
Note
Pinching +70pips
Move Sl to +50pips
Price move past dtp(dynamic take profit) @8000
Next dtp @7560
Note
Pinching +80pips
Move Sl to +60pips
dtp @7560
Note
Pinching +90pips
Move Sl to +70pips.
dtp 560 could be a new SZ(Swing zone)
snapshot
Trade closed manually
Pinched 100pips.
As hoped. Price bouncing off 560
Entry @601
snapshot
Note
Entry @601. closed be (Always move SL to BE after pinching 20pips)
SZ holding strong: Reentry @647: Pinching +40pips
snapshot
Trade closed manually
Tight stops, quick BE, good momentum defines this week.
8 trades for total pinched 160pips.
See yall next week
snapshot
PinchPips
Candlestick AnalysiscurrencytradingForexforexsignalsGBPUSDmultitimeframeanalysisprofitsSupply and Demandsupport_and_resistanceSupport and Resistanceswingsetupswingtrading

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Candlestick AnalysiscurrencytradingForexforexsignalsGBPUSDmultitimeframeanalysisprofitsSupply and Demandsupport_and_resistanceSupport and Resistanceswingsetupswingtrading
PinchPips

Related publications

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.