Once again our chart idea is playing out perfectly with another amazing day on the markets today.
Yesterday we completed our bullish target at 2661 and failure to lock above confirmed a rejection. We used the rejection to buy dips inline with our plans. We are now seeing ema5 lock above 2661 opening 2681. This can now be protected and risk free.
Any rejections here will be opportunities for us to buy dips, as long as 2661 holds as support. A break below 2661 will open the lower Goldlturns for support once again.
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 2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2681
EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET 2711
BEARISH TARGETS 2633 - DONE
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET 2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET 2593
EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE
SWING RANGE 2570 - 2551
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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