After 7 straight weeks of profitable gold trading, we’re shifting gears to GBPUSD.
Why this pair? It’s offering a classic low-risk, high-reward setup that many traders appreciate:
🔒 Stop Loss: 10–15 pips
🎯 Take Profit: 50–100 pips
We’re analyzing price action using a simple but powerful concept:
Each zone is drawn based on how the high and low of one day compares with the next. For example:
Monday’s high/low vs Tuesday’s range
Tuesday’s vs Wednesday’s, and so on
This method helps spot potential continuation zones as market structure unfolds across the week.
👉 The key? Patience, and letting the levels tell the story.
As always price action determines trades
Why this pair? It’s offering a classic low-risk, high-reward setup that many traders appreciate:
🔒 Stop Loss: 10–15 pips
🎯 Take Profit: 50–100 pips
We’re analyzing price action using a simple but powerful concept:
Each zone is drawn based on how the high and low of one day compares with the next. For example:
Monday’s high/low vs Tuesday’s range
Tuesday’s vs Wednesday’s, and so on
This method helps spot potential continuation zones as market structure unfolds across the week.
👉 The key? Patience, and letting the levels tell the story.
As always price action determines trades
Trade active
Kick-off this week with entry @767 for path asl: -15pips
dtp: upper SZ
Trade closed: stop reached
Looking for buy re-entry Lower SZNote
Buy re-entry SZ, 441sl: -15pips
Note
2 trades: -15/-15: -30pipsNext support level @4233
Note
As called, support level 232 holdingNote
3 trades: -15/-15/0: -30pips (Remember once price moves +20pips, sl is moved to BE)Next trade 957
Note
4 trades: -15/-15/0/-15: -45pips full circle from 4698, price bouncing off 3698.
Final buy entry 718
Note
Wheww!!!What a week after 5 trades, finally closing positively.
Entry 718 closed for +100pips
5 trades: -15/-15/0/-15/+100: +55pips
Do have a good weekend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.