GBPUSD Week 35 Swing zones
Updated
Support and Resistance is all about identifying previous price interest areas, PinchPips a step further is taken in calculating these areas before the occur; This is not a magic trick, but careful mathematical analysis.
As price has been missing entries by some small margins, new levels are calculated(black lines) to catch big swings.
Upper SZ: 32498 - 32548
Lower SZ: 31792 - 31742
As always, price action determines trades.
As price has been missing entries by some small margins, new levels are calculated(black lines) to catch big swings.
Upper SZ: 32498 - 32548
Lower SZ: 31792 - 31742
As always, price action determines trades.
Note
Here we go
buy entry 999
SL -10pips
dtp @325
Note
first trade closed SL
Was expecting a bounce off lower SZ: but yet again few pips from entry level
This is getting diabolical
Note
Sell entry @529, though not a clean one.
Sl -10pips
dtp at lower SZ
Note
Pinching +20pips
Move Sl to BE
Note
Pinching +40pips
Move SL to +10pips
Note
Pinching +60pips
Move SL +20pips
Trade closed: target reached
Entry @529 pinched 70pips
Buy entry @795: i dont expect a rapid rise, as market close is near.
SL -10pips
Note
Pinching 40pips
Move SL to +10pips
Note
Pinching +50pips
SL to +20pips
Note
Trade closed for 20pips
4 trades : -10/+50/-10/+20 : 50pp
Buy reentry @768
Sl -10pips
Note
Entry @768, closed be
Reentry @558
Note
Pinching 30pips.
Move SL to +10pips.
The bounce on the SZ appears more cleaner than the others, so expecting price to reach dtp of 32800, but not tonight
Note
Entry @768 closed for 10pips
However, uptrend still valid, entry @ midpoint btw SZ
and yes, this has occurred in the past.
Note
Entry @645, closed for 10pips.
7 trades: -10/+50/-10/+20/0/+10+/+10
Pinched 70pips for the week.
Have a great weekend
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