Another great day on the charts today with our plans to buy dips is playing out, as analysed.
Yesterday after completing all our Bullish targets we stated that we were now looking for a ema5 cross and lock above 2875 for a continuation above or failure to lock above will see a rejection into the lower Goldlturns for support and bounce.
- This played out perfectly with no lock above 2875 confirming the rejection into the lower Goldlturns, which gave the perfect bounce inline with our plans to buy dips.
We will now see play between the Goldturns and will look for ema5 cross and lock above or below the Goldturns to confirm the next range.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET 2800 - DONE
EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET 2826 - DONE
EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET 2852 - DONE
EMA5 CROSS AND LOCK ABOVE 2852 WILL OPEN THE FOLLOWING BULLISH TARGET 2875 - DONE
EMA5 CROSS AND LOCK ABOVE 2875 WILL OPEN THE FOLLOWING BULLISH TARGET 2898 -
BEARISH TARGETS 2772 - DONE
EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE 2744 - 2712
EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE
SWING RANGE 2685 - 2655
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!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.