GBPUSD Week 28 Swing Zones

Jul 7

Week 27 saw a good bounce on calculated levels for Pinchpips of +142pips.
Week 28 levels are set as indicated: looking for bounce on the 5mins chart
SL remains at 10-15 pips.

Jul 8

Note

Here we go. Entry @ 28445. SL 10-15pips
Pinching +10pips

Jul 8

Note

Pinching +30pips.
Move SL to BE

Jul 9

Note

Pinching +40pips.
Move SL to +10pips

Jul 9

Note

Pinching +50pips.
Move SL to +20pips

Jul 9

Note

Pinching +60pips.
Move SL to +30pips

Jul 10

Note

Trade closed.
Pinched +30pips.
Will look for a double top at upper swing zone

Jul 11

Note

Double top formed at Swingzone, however no entry as market nears close of business. Usually double top should form on next day during high volume periods.
Consequently will be looking for sell setup around 28700

Jul 11

Note

Entry @775
SL 10-15pips

Jul 11

Trade closed: stop reached

SL @-10pips
2 Trades: +30/-10
Pinching 20pips for the week

Jul 11

Note

Entry @9458
SL 10-15pips
Pinching +30pips

Jul 11

Note

iTP(Initial TP) is usually calculated as price moves in our direction.
For the current trade, Tuesday's Low is a starting point.
There's a zone that wasnt filled.
Might not happen today, but the US PPI news tomorrow might be that push
Move SL to BE

Jul 11

Note

Pinching +40pips
Move SL +10pips

Jul 12

Note

SL hit @+10pips
3 Trades: +30/-10/+10
Looking for double top @ Thursday's high

Jul 12

Note

Price break past Thursday's high.
We are at the 700's zone once again for sell setup and possibly final trade for the week.

Jul 12

Note

Entry @9745
SL 10-15pips

Jul 12

Note

Tight stops.
Move SL to -5pips
iTP +30pips

Jul 12

Note

Its a wrap for Week 28
4 Trades: +25pips
Week 29 next
Have a good weekend