GBPUSD. Weekly trading levels 13 - 17.05.2024

We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead.

During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.

The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)

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Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.


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Comment:

good reaction. We are waiting for the continuation

Trade active:

In the morning we tested the zone again and gave a great boost

Trade active:

It's a shame we didn't reach the lower zone in the morning. I try to make them narrower, so that may be the case. But you could take a good short.
Then it’s only after the news to catch kickbacks. Let's see what happens next, while we're stuck in the zone

Trade active:

The pound completed its goals at night and gave a reaction to the zone. For now it looks like we'll go down. The technique confirms, in search of an entry point

Trade active:

Almost made the goal. a good day. Let's look further to see if there is a reaction to the level.

Trade active:

Trade active:

great week

Trade active:

Trade active:

We finished the week in the zone