GoldViewFX - 4H Chart Market UPDATE
Hey Everyone,
Our 4H chart idea has already started playing out, as analysed.
We had our 1925 target hit, followed with the cross and lock opening targets 1934 and 1943. 1934 now also complete - BOOOM!!!
We now have 1943 left, which will be further confirmed with ema5 lock above 1934. We also have FOMC tomorrow so not expecting one way catches and need to now stay cautious and manage small exposure.
This is why we stick with our plans to buy dips, which allows us to handle swings without pressure and capture pips by sitting behind the bull rather than the front, avoiding a crash when it turns. This is how retail traders get taken out.
We also have a bearish retracement zone at 1917 that may require a correctional re-test.
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
1925 - DONE
EMA5 CROSS AND LOCK ABOVE 1925 WILL OPEN THE FOLLOWING BULLISH TARGET
1934 - DONE
1943 -
BEARISH TARGETS
1917
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE SWING RANGE
SWING RANGE
1901 - 1890
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
XAUUSD TOP AUTHOR
Our 4H chart idea has already started playing out, as analysed.
We had our 1925 target hit, followed with the cross and lock opening targets 1934 and 1943. 1934 now also complete - BOOOM!!!
We now have 1943 left, which will be further confirmed with ema5 lock above 1934. We also have FOMC tomorrow so not expecting one way catches and need to now stay cautious and manage small exposure.
This is why we stick with our plans to buy dips, which allows us to handle swings without pressure and capture pips by sitting behind the bull rather than the front, avoiding a crash when it turns. This is how retail traders get taken out.
We also have a bearish retracement zone at 1917 that may require a correctional re-test.
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
1925 - DONE
EMA5 CROSS AND LOCK ABOVE 1925 WILL OPEN THE FOLLOWING BULLISH TARGET
1934 - DONE
1943 -
BEARISH TARGETS
1917
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE SWING RANGE
SWING RANGE
1901 - 1890
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
XAUUSD TOP AUTHOR
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