Short

Updated

GBPUSD Week 27 Swing Zones

Looking at the Weekly TF, 2 zones and values are identified as SR areas

PC_Purple Candle
GC_Grey Candle
SL_Stoploss
iTP_Initial Take profit
TPf_Final Take profit

Trade closed: stop reached

SL hit @26600 for 13pips
Awaiting next Zone level @ 26900 for sell setup

Note

Simple bounce from the upper Resistance Zone.
Currently running +10pips from 26880
Aiming Low of the day on discretionary basis. if price breaks this level, new TP to be calculated.

Note

Pinched +30pips from Entry
Move SL to BE

Note

Trade closed be (ISM News)
Reentry @ 26900

Note

Pinched +20pips
Move SL to BE

Note

Pinching +40 pips
Move SL to +13 (26770) for recovery of earlier loss
Discretional TPf @ 26345: if Price breaks, to be recalculated.

Note

This where we draw the curtain
3 trades: -13/0/+55
Pinched 42 pips

Note

Simple bounce from 26345.
However, no trade due to market nearing close.
Will be looking for retest in the coming days.

Note

Price failed to form a double bottom @26345
Setting up new level @26163
Entry @26175: currently pinching +10pips

Note

Pinching +20pips
Move Sl to BE

Note

Pinching +40pips.
Move Sl to +10pips

Note

Pinching +60pips.
Move Sl to +20pips

Note

Pinching +70pips.
Move Sl to +40pips
Discretional TPf @ 27100: if Price breaks, to be recalculated.

Note

Move Sl to +50pips

Note

Pinching +80pips
Move Sl to +60pips

Note

Pinching +100pips
Discretional TPf @ 27100 broken
Move Sl to +80pips

Trade closed: target reached

Pinched +100pips
4 trades: -13/0/+55/+100
Total PP: +142pips

Note

Last day of the week
Looking for a double top formation around Wednesday's high
Aiming for 1 trade today (due to Employment News)

Note

Entry @ 27708

Note

Tight stops at -10pips

Trade closed: stop reached

SL hit.
5 trades: -13/0/+55/+100/-10
Total PP: +132pips
Week 27 concluded.
Unto Next week

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