DAILY CHART UPDATE

11 ago

Hey Everyone,

Please see update on our daily chart structure that we have been tracking and trading successfully for a while now.

Previously we had 2355 retracement range providing support and the re-actional bounce, as analysed and we stated that we will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again.

This played out perfectly with no cross and lock below 2355 and therefore we got the perfect bounce re-testing all the targets above.

Prior to last week we also got the ema5 cross and lock above 2405 opening 2464 once again, which was hit once completing the gap again.

Currently we have a ema5 cross and lock gap below at 2355 and then a new turn created a current ema5 cross and lock above 2405 opening 2464 again. We now have gaps both ways and need to keep this in mind when planning to buy dips.

We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.

Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.

Buying dips allows us to safely manage any swings rather then chasing the bull from the top.

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


Mr Gold
GoldViewFX