GOLD 1H ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
Once again our update chart idea played out perfectly.
Yesterday we stated that 1988 Weighted level was providing support and we have 1999 for the immediate resistance target due for a retest.
- This played out perfectly with the 1999 hit perfectly
We then had the break above 1999 opening 2007 and 2010.
- 2007 hit and 2010 now left open
We will now look for price to play between 1999 support and 2010 resistance. As long as 1999 holds, we should see the 2010 test. A ema5 cross and lock below 1999 will re-open 1988 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 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
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
Mr Gold
Once again our update chart idea played out perfectly.
Yesterday we stated that 1988 Weighted level was providing support and we have 1999 for the immediate resistance target due for a retest.
- This played out perfectly with the 1999 hit perfectly
We then had the break above 1999 opening 2007 and 2010.
- 2007 hit and 2010 now left open
We will now look for price to play between 1999 support and 2010 resistance. As long as 1999 holds, we should see the 2010 test. A ema5 cross and lock below 1999 will re-open 1988 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 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
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
Mr Gold
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