LEAP: GBPUSD Week 17 Swing Zone/Levels

20 thg 4

Last week saw a good pinch on market pips. Aim to continue as always.
Price swing levels are set; either a or b, price action directs.
Levels/zones are calculated based on previous week H/L

21 thg 4

Ghi chú

First trade for the week @944 Sell closed @ SL -10pips
Sell reentry @478
sl -15pips

21 thg 4

Đóng lệnh: dừng lỗ

Trading concluded for the week, only this time it ended @ -25pips.
Why? PinchPips, zones/levels are based on a range of 100 or 1000 (depending on the broker). This means price should bounce off any given value between 0 - 1000.
As clearly seen, today's price range from its low exceeds that, failing due to strong up trend to retrace off SZL.

Have a good trading week