Hey Everyone,
BOOOOM!!! Piptastic start to the week, with our chart idea already playing out.
We got our first Bullish target at 1926 HIT, followed with the cross and lock opening 1932 also HIT perfectly!! We now have 1940 left. We will look for ema5 lock above 1932 to further confirm this.
As always we will not chase targets form the top but only from dips using our levels and algo generated setups, which fall in line with our chart idea.
We also have the retracement zone at 1917 that may require a correctional re-test. We need to keep this in mind, while we have FOMC this week.
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 the 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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1926 - DONE
EMA5 CROSS AND LOCK ABOVE 1926 WILL OPEN THE FOLLOWING BULLISH TARGET
1932 - DONE
1940
BEARISH TARGETS
1917
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE FOLLOWING BEARISH TARGETS
1910
1905
EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN THE SWING RANGE
SWING RANGE
1897 - 1889
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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