Support and Resistance is all about identifying previous price interest areas, PinchPips a step further is taken in calculating these areas before the occur; This is not a magic trick, but careful mathematical analysis. As price has been missing entries by some small margins, new levels are calculated(black lines) to catch big swings. Upper SZ: 32498 - 32548 Lower SZ: 31792 - 31742 As always, price action determines trades.
Pinching 30pips.
Move SL to +10pips.
The bounce on the SZ appears more cleaner than the others, so expecting price to reach dtp of 32800, but not tonight
ملاحظة
Entry @768 closed for 10pips
However, uptrend still valid, entry @ midpoint btw SZ
and yes, this has occurred in the past.
ملاحظة
Entry @645, closed for 10pips.
7 trades: -10/+50/-10/+20/0/+10+/+10
Pinched 70pips for the week.
Have a great weekend
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