GBPUSD Week 29 Swing Zones
Actualizado
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.
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.
Comentarios
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
Comentarios
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
Comentarios
Move SL to 835.Momentum strategy requires fast bounce from level before some consolidation (typically 20pips)
Operación cerrada: precio stop alcanzado
SL hit for -7pips loss.Price forming a double top @905
Awaiting the next zone for a buysetup
Comentarios
Excepting price to drop further, for a buy setup at support zoneComentarios
Price failed to reach calculated level for up surge.No FOMO here.
Looking for Sell setup
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Keeping an eye on 556 area for sell setupComentarios
Entry 902 SL -10pips
Aiming for 556 as initially planned
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Low momentum on trade.Tight stops @844
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SL hit @844 for -6pips.Reentry @872 for fast move up (+20pips)
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Tight stops @819 due to slow momentumComentarios
Back to Zone.Tight stop.
Reentry @703
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Tight stops @692Price pinched +10pips and retraced.
Momentum slowing down
Comentarios
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
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