Another Piptastic day on the charts with our analysis playing out to perfection!!
Just amazing to see our levels in a new range that was generated using an average with no historical data has been hit perfectly at 2845.
Yesterday we stated that we were now looking for a cross and lock above 2819 for a continuation or a failure to lock above will see Goldturns below tested for support. We got our 2832 and our final target at 2845 for a perfect finish
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 2807 - DONE
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET 2819 - DONE
EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET 2832 - DONE
EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET 2845 - DONE
BEARISH TARGETS 2794 - DONE
EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET 2778 - DONE
EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET 2764
EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE 2753 - 2739
EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE
SWING RANGE 2722 - 2707
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.