GoldViewFX - 4H Chart Market UPDATEHey Everyone,
Please see our updated 4H chart levels and targets for the coming week.
We have price testing resistance at 1925 Goldturn. We will need to see 1925 break and lock to open the range above.
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.
EMA5 CROSS AND LOCK ABOVE 1925 WILL OPEN THE FOLLOWING BULLISH TARGET
1936
1943
BEARISH TARGETS
1917
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE SWING RANGE
SWING RANGE
1896 - 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
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