GBPUSD Week 33 Swing Zones
Highlighting 2 swing zones as always. Both of which are identified from previous weeks price action around the levels.
Using Tradingview's alert, place @ 7389 and @7090
In reviewing previous week; price could swing up, in which case the upper SZ will be highlighted
Price action determines trades: Entry on the 5mins chart to achieve tight stops of 10-15pips
Using Tradingview's alert, place @ 7389 and @7090
In reviewing previous week; price could swing up, in which case the upper SZ will be highlighted
Price action determines trades: Entry on the 5mins chart to achieve tight stops of 10-15pips
Note
As with last week, price moves up to the higher SZ.
Entry @021. SL -15pips
dtp @7385
Note
Pinching +20pips. Move SL to BENote
Trade closed @ BE
Reentry @ upper SZ @249
SL -15pips
dtp @7385
Trade closed: stop reached
Entry @249 stopout for -15pips
Reentry @699 for dtp @448
SL -10pips
Trade closed manually
Pinched +40pips on entry 699
Price bouncing off midpoint btw SZ for entry @274
Note
3 trades so far: 0/-15/40 : 25 pips Pinched.
Entry @274 pinching 20 pips, move SL to BE
dtp (dynamic TP) @8936
Note
Pinching 20pips
Move SL to BE
dtp @8936
Note
In trailing stop fashion, we pinched 10pips on last trade, as price moved +40pips from entryNote
Missed out on the bounce from the SZ (Red box) for a huge swing past dtp, no fomo
five trades concludes week 33: 0/-15/40/0/10: 35pips pinched
Have a great weekend
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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.