WEEKLY CHART MID/LONG TERM ROUTE MAP

10 nov

Hey Everyone,

Please see update on our weekly chart idea that we have been tracking and trading over the last 5 weeks.

Previously we had the nice push up, which we took using our smaller timeframes but the gap remained open and we were yet to see the ema5 lock to further confirm this.

EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. As we stated previously, we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all.

If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.

However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..

Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.

Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX