Hey Everyone,
A perfect finish to the day with our final target HIT completing this chart idea.
Yesterday we hit our target at 2071 and was just short of the final target at 2086, which was left open and completed today - BOOOOOM!!!
We also stated if ema5 fails to lock above 2086 we will see a rejection to weighted support at 2071 or 2063. Once again 2071 was hit perfectly!!!
We are likely to see price range between 2071 and 2086 until one is broken and locked with ema5. We are back in the range and levels are re-active to buy dips.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2063 - DONE
EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET
2071 - DONE
2086 - DONE
BEARISH TARGETS
2048
EMA5 CROSS AND LOCK BELOW 2048 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGETS
2040
2032
EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE
SWING RANGE
2019 - 2002
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
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