WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
After tracking and trading our last long term weekly chart idea, we finally completed it and promised you all a new weekly chart long term chart idea.
Please see our new week chart idea that we will be tracking and trading over the coming weeks and months if needed.
We are currently seeing a breakout outside the new Goldturn channel (our unique way of drawing channels). We also have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. If we get a break inside the channel then we will track the movement with the levels highlighted for the bounces and ema5 cross and lock to track the movement level to level.
If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET.
Just to confirm if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
