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.
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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
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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
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Move SL to 835. Momentum strategy requires fast bounce from level before some consolidation (typically 20pips)
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SL hit for -7pips loss. Price forming a double top @905 Awaiting the next zone for a buysetup
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Excepting price to drop further, for a buy setup at support zone
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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 setup
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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 momentum
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Back to Zone. Tight stop. Reentry @703
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Tight stops @692 Price pinched +10pips and retraced. Momentum slowing down
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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