Another Piptastic day on the charts with our analysis playing out perfectly.
After completing all our Bullish targets yesterday we confirmed the gap to 3049 remained open after cross and lock above 3029.
- This was hit perfectly today completing this target. No further cross and lock above 3049 confirmed the rejection into the lower Goldturn for the bounce just like we said!!
We will now see price play between both these Goldturns until we see a cross and lock on either level to confirm the next 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 2993 - DONE
EMA5 CROSS AND LOCK ABOVE 2993 WILL OPEN THE FOLLOWING BULLISH TARGET 3011 - DONE
EMA5 CROSS AND LOCK ABOVE 3011 WILL OPEN THE FOLLOWING BULLISH TARGET 3029 - DONE
EMA5 CROSS AND LOCK ABOVE 3029 WILL OPEN THE FOLLOWING BULLISH TARGET 3049 - DONE
EMA5 CROSS AND LOCK ABOVE 3049 WILL OPEN THE FOLLOWING BULLISH TARGET 3068
BEARISH TARGETS 2968
EMA5 CROSS AND LOCK BELOW 2968 WILL OPEN THE FOLLOWING BEARISH TARGET 2942
EMA5 CROSS AND LOCK BELOW 2942 WILL OPEN THE FOLLOWING BEARISH TARGET 2922
EMA5 CROSS AND LOCK BELOW 2922 WILL OPEN THE SWING RANGE
SWING RANGE 2906 - 2886
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.