Great start to the week with our chart idea playing out, as analysed, allowing us to buy dips from our weighted level bounces.
We started the day with the bearish gap below at 2647 being hit followed 2631 retracement range test at 2631 weighted Goldturn giving us over 40 pip bounce like we always state and all the way into 2647.
We need to keep in mind that ema5 has also locked below 2631 leaving the swing range open. However, we are seeing the bullish Goldturn 2647 being tested. If we see a lock above 2647 then we are likely to see the upper targets or failure to lock above 2747 will see a re-attempt on the lower Goldlturns, also keeping in mind the swing 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 2668
EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696
EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713
EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733
BEARISH TARGETS 2647 - DONE
EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE
EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE
SWING RANGE 2609 - 2592
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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