Great start to the week with our chart idea playing out, as analysed.
We had price play between both weighted levels like we stated yesterday with 2401 Goldturn test with no cross and lock confirming the rejection bounce into 2414. This then followed with ema5 cross and lock above 2414 Goldturn opening 2426 and 2440.
- This played out perfectly, with all levels in this range now complete, with just a point shy of 2440, which can be considered filled.
We are now looking for a 2440 full retest and need ema5 to lock above 2440 to confirm the range above. Failure to lock above 2440 Goldturn, will follow with a rejection into the next Goldturn weighted support.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULISH TARGET 2414 - DONE
EMA5 CROSS AND LOCK ABOVE 2414 WILL OPEN THE FOLLOWING BULLISH TARGETT 2426 - DONE 2440 - JUST ABOUT DONE
EMA5 CROSS AND LOCK ABOVE 2440 WILL OPEN THE FOLLOWING BULLISH TARGETT 2449 2460
BEARISH TARGETS 2401 - DONE
EMA5 CROSS AND LOCK BELOW 2401 WILL OPEN THE FOLLOWING BEARISH TARGETS
BEARISH TARGETS 2388 2372 2359
EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE
SWING RANGE 2344 - 2331
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.